"AICL" Adam Ji Insurance Mid Term Analysis 19 Feb 2013

AICL

"AICL" Adam Ji Insurance Downside Pervails Our Prefrence: As long as 72.20 sustains as resistance short positions with target at 67.84 and 66.36 Alternative Scenario: upside breakage of 72.20 will indicate a way towards 74.55 and 76.39 Note: AICL is currently capped by a resistant trend line in daily and weekly chart at 72.20 whcih can push AICL for a short term correction, 67.84 and 66.36, and dialy closing below 70.00 will give a way to all technicals to put pressure on AICL towards 67.84. But breakage of 72.20 will give a new energy to scrip and will start its move towards 74.55 and 76.39, as at that point 72.20 will become a support for market.

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