Get started
ENGRO FERTILIZERS LTDENGRO FERTILIZERS LTDENGRO FERTILIZERS LTD

ENGRO FERTILIZERS LTD

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

EFERT trade ideas

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.
PSX:EFERTLong
by tell_Arshad
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._
PSX:EFERTLong
by tell_Arshad
1