Turning Down
Our Pivot: 345
Our Preference: Start short selling ENGRO below 337.60 and average it out till 342 with strict stop loss of 345 and profit target at 321 with extension towards 313.
Alternate Scenario: Upward penetration of 345 will call for 354.
NOTE: Capped by major resistant trend line with a horizontal resistant region.
Weekly Chart with Supports & Resistances:
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