BIPL Bank Islami Pakistan Analysis 03 July 2013
Rebound Insight
Our Pivot: 5.55
Our Preference: Buy BIPL above 6.36 and add average if it take dips above 6.05 with a strict stop loss of 5.55 and profit target at 7.13 and 7.62
Alternative Scenario: Downward penetration of 5.55 will call for 4.53.
NOTE: BIPL is moving in a downward channel is getting a support from a horizontal line so it can take a bounce back towards 7.13 and 7.62 to retest its resistant trend lines. Short and Mid term traders can avail this chance by buying BIPL as near as possible to given levels.
Recommendations:
For New Entries ( buy above 6.36 and 6.05 )
Existing buyers short term (Hold till 7.13 and 7.62)
Weekly Chart with Supports and Resistance:
3 COMMENTS
John Doe
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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
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.LEAVE A COMMENT