EFOODS Engro Foods Limited Analysis 10 April 2013
EFOODS Upside Prevails
Our Pivot: 138.14
Our Preference: Buy EFOODS around 141.36 with a strict stop loss of 138.14 and profit target at 153.19
Alternative Scenario: Downward Penetration of 138.14 will call for 131.59
NOTE: EFOODS have fulfilled its short term correction and is now heading towards its upper edge of upward channel. Moving averages and MACD are indicating upside prevails.
Recommendations:
For New Entries (Buy around 138.14 )
For Existing Buyers (hold till 153.19)
Daily Chart with Supports and Resistance:
Weekly Chart with Supports and Resistance:
3 COMMENTS
John Doe
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