{"id":1514,"date":"2023-12-10T11:40:49","date_gmt":"2023-12-10T11:40:49","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=1514"},"modified":"2024-04-03T20:00:10","modified_gmt":"2024-04-03T20:00:10","slug":"engro-and-the-rs-322-resistance-meet-again","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/engro-and-the-rs-322-resistance-meet-again\/","title":{"rendered":"ENGRO and the Rs. 322 resistance meet again!"},"content":{"rendered":"\n<p><strong>ENGRO Corporation (ENGRO)<\/strong> is inching up closer to the <strong>Rs. 322<\/strong> mark which has acted as historic resistance on the unadjusted chart.<\/p>\n\n\n\n<p>The last time it went close to that resistance mark was due to an extraordinary event, namely the <strong>Rs. 40<\/strong> dividend that the company announced in April 2023. This time however, the run up has come in a bull market, where the index has gone up over <strong>60%<\/strong> in just a few months. <\/p>\n\n\n\n<p>As the market heats up and bulls exhaust, the rally might come to an end soon and with the stong resistance at <strong>322<\/strong>, people might want to take profit and wait for further price action on the chart. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;69ee8a4e8d5d3&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"69ee8a4e8d5d3\" class=\"aligncenter size-large is-resized wp-lightbox-container\"><img decoding=\"async\" width=\"1024\" height=\"549\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-2-1024x549.png\" alt=\"ENGRO chart\" class=\"wp-image-1515\" style=\"width:800px;height:auto\" srcset=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-2-1024x549.png 1024w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-2-768x412.png 768w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-2-640x343.png 640w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-2-400x214.png 400w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-2-367x197.png 367w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n<\/div>\n\n\n<p>ENGRO shares closed at Rs. 314.92 on the last trading day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ENGRO Corporation (ENGRO) is inching up closer to the Rs. 322 mark which has acted as historic resistance on the unadjusted chart.<\/p>\n","protected":false},"author":7,"featured_media":3638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127],"tags":[49],"class_list":["post-1514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-engro"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/ENGRO-TA-1140x445.jpg",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/ENGRO-TA-463x348.jpg",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/ENGRO-TA-300x188.jpg",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/ENGRO-TA.jpg",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/1514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=1514"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/1514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/3638"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=1514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=1514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=1514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}