EFERT Engro Fertilizer Limited Mid-Term Analysis 28 March 2016
Rebound Insight
Our Pivot: 61.05
Our Preference: Buy EFERT above 67.21 and average it out till 64 with strict stop loss of 61.05 and target at 74.60 and 78.40.
Alternate Scenario: Downward penetration of 61.05 will call for 56.40.
NOTE: EFERT is moving in a bearish trend channel and right now its getting support from supportive trend line of said channel along with a strong horizontal support. Two more supportive regions are standing ahead at 64.59 and 64 from a trend line along with a horizontal supports.
Recommendations:
Buy above 67.21 and average it out till 64 with target at 74.60 and 78.40.
Weekly Chart with Supports and Resistances:
EFERT 9
Overview
Quick Snapshot
Free Float
600,884,719
O/S Shares
1,335,299,375
Market Cap. (m)
0.00
Var Value
10.50
Hair Cut
15.00
Last Price
Price Adjusted
52 Weeks Range
52w Low
52w High
Intraday
Pivots
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
5.19
5.70
QTD Price Return
5.19
5.70
3M Price Return
16.21
20.25
6M Price Return
23.11
31.59
9M Price Return
24.26
33.69
YTD Price Return
20.11
26.41
1Y Price Return
32.76
51.59
3Y Price Return
25.26
35.58
5Y Price Return
37.46
63.71