faisalndm

faisalndm

We can confirm our analysis on the basis of confluence in which candle closes above 21 EMA and volume seems to be huge. Considering this we can take a short profit, by buying this stock at closing price which is close to 41 and then apply a stop loss at 40.50 and can take profit around resistance zone which is 43 and it can be validated by Fibonacci retracement

faisalndm

Engro will take support around 247 to 248 and will then pullback to 264 to 266. If the Breakout occurs at 266 then it can move to 270 otherwise it will pullback