🚀 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.
📈 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.
Comment:
Good movement today. Still recommended to hold for its target of 326. Otherwise go for 50% profit-taking
Trade closed: target reached