EPCL Engro Polymer Financial Analysis 3rd Nov. 2020

Rebound Insight

Our Pivot: 37.60

Our Preference: Start buying EPCL from current price and average it out till 39.00 with strict stop loss of 37.60 and profit target at 42.55 with extension towards 44.75.

Alternate Scenario: Downward penetration of 37.60 will call for 35.80 and 34.50.

NOTE: EPCL is getting support from two strong supportive trend lines, meanwhile daily stochastic and MAORSI are trying to generate bullish crossovers.

Daily chart with supports & resistances: