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ENGRO CORPORATION LTDENGRO CORPORATION LTDENGRO CORPORATION LTD

ENGRO CORPORATION LTD

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ENGRO trade ideas

Engro Advance Analysis - 19 September 2024Tomorrow, September 19, 2024, is hopefully a buying day! In the morning, I'll wait and see if the price drops. If it does, I'll look for it to drop to between 311 and 310, and then I'll make my move to buy. However, if the price goes up, I'll consider buying at Rs322. I'm keeping my chart lines private, as I don't want to reveal my secret weapon just yet! 😉 If you'd like more analysis, just hit boost and let me know which company you're interested in, and where you're currently stuck.
PSX:ENGROShort
by JawadFarooq
1
ENGRO KSE100 PAKISTAN STOCK EXCHANGE ENGRO CARPORATION Certainly 1. Bullish Divergence on RSI: - A bullish divergence occurs when the price of a stock makes lower lows, but the Relative Strength Index (RSI) makes higher lows. - In this case, it suggests that despite the stock price declining, the momentum (as indicated by RSI) is turning positive. 2. Trade Levels: - Entry Level: The recommended entry point for buying Engro Corporation stock is around 341. - Stop Loss: To manage risk, set a stop loss at 316. If the stock price falls to this level, consider exiting the trade. - Take Profit: The target for profit-taking is 367. If the stock reaches this level, consider 50% selling book profit and 50% to take ride TP 2. 3. Implications: - The bullish divergence on RSI indicates potential upward momentum. - However, always monitor the stock's behavior and adjust your strategy as needed. Remember that trading involves risks, and it's essential to have a well-defined plan and risk management strategy. Happy trading! 📈🚀💰ATION
PSX:ENGROLong
by Popafaseeh
ENGRO ANALYSIS 1.0HERE ChatGPT 🚀 Trade Alert: ENGRO Bullish Harmonic Pattern 🚀 We have identified a bullish setup in ENGRO, characterized by the following: Bullish Harmonic Pattern: Confirming a potential trend reversal. Channel Bottom: The price has bounced from the channel bottom and the Potential Reversal Zone (PRZ). Bullish Divergence: Formed, indicating a potential reversal. Entry Point: Buy: At the current market price (CMP) Target Prices (TP): TP 1: TP 2: Stop Loss (SL): SL: to manage risk Trade Summary: Buy: At CMP TP 1: TP 2: SL: Trade Type: Long Swing 🎢 Good Luck! 🍀 Stay informed and trade smart! 📊
PSX:ENGROLong
by Earn_withHassaan
ENGRO | Testing 200 EMA📰 On the Daily timeframe, the price has ascended above the EMA200 line, signifying a robust bullish reversal from this point can be anticipated. Such a pull back typically indicates the continuation of a bullish trend. Furthermore, the MACD histogram needs to transitioned from the negative zone to the positive zone, further endorsing the potential upward movement toward our first target at 339. Subsequently, the price may break and sustain above 340 level before testing next resistance of 359. 🛑 It is essential to note that the analysis will no longer hold validity once the support area breaks at 300. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
PSX:ENGROLong
by mbaberhanif
ENGRO🚀 Stock Alert: ENGRO 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 First Entry : 300 🎯 Target : 326 ⚠ Stop Loss: 290 ⏳ Nature of Trade: Mid Term 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: YES 📰 Technical View: The price movement exhibits an uptrend characterized by successive higher highs and higher lows, nearing a test of the 100-day EMA at approximately 299. Should a retracement from the moving average materialize, the initiation of a long position may be considered. Conversely, primary and secondary resistance levels are situated at 326 and 334, correspondingly. A prudent stop-loss strategy could involve placement below 290.
PSX:ENGROLong
by mbaberhanif