EPL is looking good for watchlist

Hello Traders ,
today we will discuss EPL ltd
these are key factors to watch on this weekly chart ,
-Price is near at trendline support.
-fibo level explain more down side is possible till 198.85 level
-volumes are high
-macd shows negative value
-momentum line is below 0 & may go for their previous low till green line
-last 2 candle have solid week rejection on higher side whichshow strength of bears
-price is below 20,50 ema & near at 100 ema

for more updates stay tuned with me.


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