AICL Adamjee Insurance Company Analysis 21 June 2013

• 2013-06-21 08:42:52
• 28 Comments
• 111 Views
• kse-analysis
• Noor Maier

Rebound Insight

Our pivot: 71.76 Our Preference: BuyAICL above 79.42 and 77.40 with strict stop loss of 71.76 and profit target at 92.45 and 93.34 with extension towards 105.06 Alternative Scenario: Downward Penetration of 71.76 will call for 68.31 NOTE: After penetration of its weekly Triangle AICL have got a resitance from its short term weekly upward trend channel and is now moving back towards its correction levels at 81.42 and 78.58. But its still in bullish mode and will move back towards 93.34 and closing above this levle can call for a new bullish era in AICL towards 105.06.  Recommendations: For New Entries (Buy Above 79.42 and 77.40) Weekly Chart with Supports and Resistance:

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