EPCL Engro Polymer Short Term Analysis 11th Jun. 2020

Further Advance

Our Pivot: 26.50

Our Preference: Start buying from current price and average it out till 26.80 with strict stop loss of 26.50 and profit target at 28.20 with extension towards 28.60.

Alternate Scenario: Downward penetration of 26.50 will call for 25.80 and 25.50.

NOTE: EPCL have given breakout of its descending wedge in upward direction.

Hourly Chart with Supports & Resistances: