ENGROH Set to Soar

Engro Holdings Limited :Engroh (formerly Dawood Hercules Corporation Limited) took a significant correction on the monthly time frame.

Engro must sustain above the 183 area for the next rally. Currently, it is trying to form a consolidation.

📢 Announcement: You can now access our services and similar analyses by opening an account with us via JS Global

For investors and swing traders, these are good levels to accumulate the stock within the range of 180-168, especially considering its history of paying dividends.

For a short-term trade plan, the profit-taking range is between 190 and 200.

For a swing trading approach, the target range is 240-250, with an ultimate target of 315

📢 Announcement: We're on WhatsApp – Join Us There! 

For buying, consider using a ladder-up strategy: 50% initially, followed by 35%, and then 15%

If it closes below the 144 level on the daily time frame, the trend would change and that would be your stop loss..

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →