Its not a long term buy....
Because stock has no strength as such, its started falling in starting July and till now its fall around 46% on 7-Mar-2022.
Which is equivalent to the fall that we had seen in March 2020.
This fall is the reason for the pullback and is going up.
Also its recent 1 year return is -17%
Recent dividend is 2.14 Rs per share on...
buy Epl ltd on short term basis with strict stop loss. stock is in lower range of the trend and one can take risk of 13 points . risk reward is favorable
EPL Limited (formerly known as Essel Propack Limited), is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. EPL is the world’s largest manufacturer of laminated plastic tubes with units operating across countries such as USA, Mexico, Colombia, Poland, Germany, Egypt, Russia, China,...
EPL’s share is trading above all major SMA’S EXCEPT 200 days SMA .
FURTHER it is hovering near the resistance level. It has taken the resistance at two important patterns i.e. the channel pattern and between two horizontal lines.
However the major volatility with the lower volumes in the last two trading days may stop the price from rising.
A positive opening...
Keep this in watchlist if price sustain abobe 264 level
Then first target would be 270,274 + ,sl 260 daily closing basis...do your own analysis before trading
Taking support on 20 MA with RSI support. Monthly RSI > Weekly RSI > Daily RSI. Exhaustion of selling volumes. SL 246 and Target 318 on positional. For educational purpose only. Consult your financial advisor before investing.
