Under Pressure
Our Pivot: 303.50
Our Preference: Start short selling ENGRO below 298.50 and average it out till 301.30 with strict stop loss of 303.50 and profit target at 295 with extension towards 292.
Alternate Scenario: Upward penetration of 303.50 will call for 306.20 and 307.60.
NOTE: ENGRO is being capped by a strong horizontal resistant region along with a descending trend line.
Hourly chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.