AKBL Askari Bank Limited Analysis 13 Jan 2014
Rebound Insight
Our Pivot: 16.36
Our Preference: Short Sell AKBL Between 14.00 and 14.70 and Averages till 15.10 with a strict stop loss of 16.36 and profit target at 11.55
Alternate Scenario: Upward Penetration of 16.36 will call for 19.20
NOTE: AKBL is getting strong resistance from its 100 weeks moving average so its recommended to short sell it.
Recommendations:
For New Entries (Short below 14.00 till 14.69)
For Existing Holdings (Hold Till 12.79 and 11.55)
Weekly Chart with Supports and Resistance:
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
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.Melissa 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.Peter Doe
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