PSX:EFOODS Technical Analysis

Engro Foods Limited — Technical Analysis & Chart Patterns

Six formations appear in EFOODS's daily price history. A descending broadening wedge completed with an upward breakout on June 21, 2019; a three rising valleys completed with an upward breakout on June 26, 2019; a harmonic gartley completed with a downward breakout on July 1, 2019; an elliott wave corrective (a-b-c zigzag) is currently forming and has not yet triggered; a rising wedge completed with a downward breakout on July 5, 2019; a marubozu, opening black printed a bearish signal on July 8, 2019.

Patterns

last close, adjusted
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BREAKOUT DOWN
Marubozu, Opening Black — Jul 8, 2019 to Jul 8, 2019 · broke out on Jul 8, 2019
BREAKOUT DOWN
Rising Wedge — May 20, 2019 to Jul 4, 2019 · broke out on Jul 5, 2019
BREAKOUT DOWN
Harmonic Gartley — Apr 29, 2019 to Jun 28, 2019 · broke out on Jul 1, 2019
FORMING
Elliott Wave Corrective (A-B-C Zigzag) — May 20, 2019 to Jun 28, 2019
BREAKOUT UP
Three Rising Valleys — May 20, 2019 to Jun 25, 2019 · broke out on Jun 26, 2019
BREAKOUT UP
Descending Broadening Wedge — Mar 27, 2019 to Jun 20, 2019 · broke out on Jun 21, 2019
Detected on this chart: Marubozu, Opening Black, Rising Wedge, Harmonic Gartley, Elliott Wave Corrective (A-B-C Zigzag) (forming now), Three Rising Valleys, Descending Broadening Wedge. Subscribe to Pro to see each one drawn on the chart with its trigger price, measure-rule target, stop and simulated trade result.

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