EFERT trade ideas
Efert Analysis- Bear Trap13/4/25
TF 1W/1D
Efert was trending inside a bullish channel since Oct 23
Although it has given a breakdown from the channel but this move can convert into Spring or Bear Trap. It will be confirmed with a daily closing above 190 within next 3 days
Buy 192-199
Short term TP 229 & 248
Long term TP 310 ( Oct 25)
In Sha Allah
SL below 180
Wait for a Bullish Sign!Important Support Zone
166 - 184
Somewhat Bullish on Monthly TF,
But if 180 breaks,we may witness
further selling pressure.
Efert could drop to 200 to 188Technically efert is dropping its support level and it is expected to more drop to 200 and 188 level
Note; This is not a buy sell call, use stop loss too.
EFERTtrend is bulish dow thery is making hh and hl.
now price is retracment at fib level 0.618%
target is last high.
EFERT is heading to 215 againEFERT is dropped from its support of 192.5 and again bounce back and cross above 192.5 level. Fresh entry could be possible and it is likely to cross 201 and 215 again. TP 1 is 201 TP 2 is 215. Stop Loss 185.
Note: This is not a buy/sell call. Trade at your own will.
Efert, Bullish Channel facing ResistanceBullish Channel
Double top formation
Bearish Divergence
currently facing horizontal resistance
closing above 215 will Triger another rally
Buy on closing above 215
Initial target 230-240
EFERT 214.12 breakout levelEfert could reach 250 level after breakout 214.5
Note: This is not a buy/sell call. Use Stop loss as per your strategy.
EFERT on the ride for 250-300 targets. EFERT show potential to go on the ride for 250-300 targets.
Accumulation below 200 is a good chance to avail the golden ride.
LongBuy @ CMP (around 166 - 170)
Sell around 175 - 176
Stoploss 164.50 (Closing basis)
Then we should wait for 177
to Cross & Sustain; Target 200
EFERT Breakout & Reversal: Chart Analysis & Trade StrategiesCurrent Price: 168.00 PKR
Resistance Levels: Weak High: Around 175 PKR
Support Levels:
Strong Low: Around 145 PKR
Intermediate Support: Around 155 PKR
Trend:
The stock has shown a recent uptrend with a sharp rise from the lows. The consolidation phase appears to be occurring between 160 PKR and 170 PKR.
Report Insights :
Earnings Expectations: Expected EPS for 2QCY24 is 3.85 PKR, which is a 52% decline QoQ. Expected DPS is 4.0 PKR for 2QCY24.
Operational Challenges: Decline in sales volume due to the Enven plant's turnaround until mid-Jun-2024. Net revenue is expected to decline by 43% QoQ.
Market Performance: EFERT has outperformed the KSE100 Index with a 49% gain YTD.
Trade Strategy for Engro Fertilizers Ltd (EFERT):
Breakout Trade:
Entry: 175 PKR
TP1: 185 PKR (5.11%)
TP2: 200 PKR (13.64%)
SL: 170 PKR (3.41%)
RR Ratio: 1.5 (TP1), 3.53 (TP2)
Reversal Trade:
Entry: 155 PKR
TP1: 170 PKR (9.68%)
TP2: 185 PKR (19.35%)
SL: 150 PKR (3.23%)
RR Ratio: 3 (TP1), 6 (TP2)
Key Trade Confirmation Points:
Volume: Look for increased volume on breakout above 176 PKR or on dip buying at 155 PKR.
Candlestick Patterns: Watch for bullish reversal patterns near support levels or strong bullish candles on breakout levels.
Market Sentiment: Keep an eye on overall market trends and any news specific to the fertilizer sector or EFERT.
Confluences:
Sector Performance: The fertilizer sector's relative strength compared to the KSE100 Index supports a bullish outlook.
Dividend Announcement: A confirmed dividend of 4.0 PKR/share could boost investor confidence.
Technical Indicators: Use RSI, MACD, or moving averages to confirm entry points and momentum.
EFERT Breakout & Reversal: Chart Analysis & Trade Strategies*EFERT Chart Analysis:*
*Current Price:* 168.00 PKR
*Resistance Levels:* Weak High: Around 175 PKR
*Support Levels:* Strong Low: Around 145 PKR
*Intermediate Support:* Around 155 PKR
*Trend:* _The stock has shown a recent uptrend with a sharp rise from the lows._
_The consolidation phase appears to be occurring between 160 PKR and 170 PKR._
*Report Insights:*
*Earnings Expectations:* _Expected EPS for 2QCY24 is 3.85 PKR, which is a 52% decline QoQ._
_Expected DPS is 4.0 PKR for 2QCY24._
*Operational Challenges:* _Decline in sales volume due to the Enven plant's turnaround until mid-Jun-2024._
_Net revenue expected to decline by 43% QoQ._
*Market Performance:* _EFERT has outperformed the KSE100 Index with a 49% gain YTD._
*Trade Strategy for Engro Fertilizers Ltd (EFERT):*
*Breakout Trade:*
- *Entry*: 176 PKR
- *TP1*: 185 PKR (5.11%)
- *TP2*: 200 PKR (13.64%)
- *SL*: 170 PKR (3.41%)
- *RR Ratio*: 1.5 (TP1), 3.53 (TP2)
*Reversal Trade:*
- *Entry*: 155 PKR
- *TP1*: 170 PKR (9.68%)
- *TP2*: 185 PKR (19.35%)
- *SL*: 150 PKR (3.23%)
- *RR Ratio*: 3 (TP1), 6 (TP2)
*Key Trade Confirmation Points:*
_*Volume:* Look for increased volume on breakout above 176 PKR or on dip buying at 155 PKR._
_*Candlestick Patterns:* Watch for bullish reversal patterns near support levels or strong bullish candles on breakout levels._
_*Market Sentiment:* Keep an eye on overall market trends and any news specific to the fertilizer sector or EFERT._
*Confluences:*
_*Sector Performance:* The fertilizer sector's relative strength compared to the KSE100 Index supports a bullish outlook._
_*Dividend Announcement:* A confirmed dividend of 4.0 PKR/share could boost investor confidence._
_*Technical Indicators:* Use RSI, MACD, or moving averages to confirm entry points and momentum._
EFERTWe can attempt to buy EFERT from specified level as 0.5 FIB level intact , also there is no bearish divergence at current levels indicate that it move upward .
SL , TP mention in chart.
Short EfertBreakout of trend line and retest is expected and then I am putting a target of 50 to 60% retracement which will give a return of 25%.
Efert - BullishEfert's trend is in a BULLISH phase now,
divergence was printed on 13th may after that
we have observed a reversal in efert from 143.88.
entry after breakout is recommended,
Entry price = 156.98
Stoploss should be 151.60
TP = 162.36
EFERT PSX KSE1001. Price breaks the channel
2. Expected pullback is expected Current (Support 1)
3. May retest channel & post Lower high
4. One more Green candle confirm Long position with TP 155 and SL 135 (reward 1:1)
EFERT -PSX EFERT Is in bullish trend and testing its long term trendline with no divergence at top , possible forming its HL at 0.618 fib retracement
buy at CMP with risk defined BELOW HL
EFERT- Bullish TrendEFERT remains bullish on 1D Timeframe. Since its bullish move from Rs 75, it keeps on discovering new highs.
ABCD PatternMonthly ABCD Pattern Target seems to
be around 155 - 157
Bearish Divergence has appeared on Daily TF
