EFOODS Engro Foods Analysis 22 April 2014

July 1, 2014 2:35 pmComments Off on EFOODS Engro Foods Analysis 22 April 2014Views: 138

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Rebound Insight

Our Pivots: 103.06

Our Preference: Buy EFOODS above 110.31 and average it out till 107.17 with a strict closing stop loss of 103.06 and profit target at 116  and 122.50.

Alternate Scenario: Downward Penetration of  103.06 will call for 98.55 and 94

NOTE: EFOODS is going to supports from its weekly 50% and 61% Correction levels and a rising trend line so its recommended to initiate buying and cover your previous shorts in efoods now. 

Recommendations:

For New Entries (Buy above 110.31 and 107.17 )

Monthly Chart with Supports and Resistance:

EFOODSW22042014

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