EPCL Engro Polymer Mid-Term Analysis 1st Jan. 2019

Further Advance

Our Pivot: 36.00

Our Preference: Start buying EPCL from current price with strict stop loss of 36.00 and profit target at 41 & 41.30.

Alternate Scenario: Downward penetration of 36.00 will call for 33.90.

NOTE: EPCL is trying to retest its supportive trend line which previously have reacted as a strong resistance along with a horizontal supportive region. 

Weekly Chart with Supports and Resistances: