EPCL Engro Polymer short-term Analysis 8th Jul. 2020

Further Advance

Our Pivot: 25.70

Our Preference: Start buying EPCL from current price and average it out till 26.50 with strict stop loss of 25.70 and profit target at 28.50 with extension towards 29.

Alternate Scenario: Downward penetration of 25.70 will call for 24.80 and 24.50.

NOTE: EPCL have completed its mid-cycle accumulation and now its going to penetrate its descending wedge in upward direction.

Daily chart with supports & resistances: