EPCL Engro Polymer Corporation Limited Analysis 14 March 2016

Rebound Insight

Our Pivot: 7.51

Our Preference: Buy EPCL above 9.00 and average it out till 8.14 with strict stop loss of 7.51 and profit target at 10.69 with extension towards 11.26.

Alternate Scenario: Downward penetration of 7.51 will call for 7.02.

NOTE: EPCL is getting support from a rising trend line along with a strong horizontal support. Weekly Stochastic and MAORSI are in bullish mode.

Recommendations:

Buy above 9.00 and average out till 8.14 and target at 10.72 and 11.26.

Weekly Chart with Supports and Resistances: