EPCL Engro Polymer Chemicals Limited Short Term Analysis 22nd Oct. 2018

Upside Prevails

Our Pivot: 30.20

Our Preference: Buy EPCL above 31.92 with strict stop loss of 30.24 and profit target at 34 with extension towards 35.20

Alternate Scenario: Downward penetration of 30.20 will call for 29.23 and 28.90.

NOTE:  EPCL have penetrated above 31.90 during last trading session and  now this region would react as a strong support.

Daily Chart with Supports and Resistances: