Rebound Insight
Our Pivot: 287.50
Our Preference: Start buying ENGRO above 296.50 and average it out till 292 with strict stop loss of 287.50 and profit target at 307.90.
Alternate Scenario: Downward penetration of 287.50 will call for 281 and 278.
NOTE: ENGRO have retested resistant trend line of its previous triangle and now its getting support from two major supportive regions.
Daily chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.