Downside Prevails
Our Pivot: 333
Our Preference: Start short selling ENGRO below 326 and average it out till 330 with strict stop loss of 333 and profit target at 313 with extension towards 306.
Alternate Scenario: Upward penetration of 333 will call for 342.
NOTE: ENGRO is being capped by a descending trend line along with a horizontal resistant region.
Weekly Chart with Supports & Resistances:
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