AICL Adam Ji Insurace Limited Analysis 15 Sep. 2014
Upside Prevails
Our Pivot: 44.59
Our Preference: Start Buying AICL above 46.85 and add averages till 45.60 with strict stop loss of 44.59 and profit target at 50.20 with extension towards 51.94
Alternate Scenario: Downward penetration of 44.59 will call for 43.67
NOTE: AICL is caged in wedge and its getting supports from rising trend line along with its weekly double bottom so its recommended to initiate new buying on given levels. Weekly MAORSI is also supporting its bullish behaviour.
Recommendations:
Buy above 46.85 and add averages till 45.60
Weekly Chart With Supports and Resistances:
3 COMMENTS
John Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Diana Doe
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