BIPL Bank Islami Pakistan Analysis 05 April 2013
BIPL UP side Prevails
Our Pivot: 5.52
Our Preference: Buy BIPL around 5.82 with a strict stop loss of 5.5.52 and profit target at 7.21 and 8.00 with extension towards 8.69
Alternative Scenario: Downward Penetration of 5.52 will call for 5.11 and 4.42
NOTE:BIPL have generated a bearish channel on weekly and daily basis and have retested its lower edge in last two weeks. Now it have to move back to upper trend line of that channel so buying can be initiated around 5.92. Weekly RSI, MACD and Stochastic are indicating a reversal pattern in BIPL
Recommendations:
For New Entries (Buy around 5.92
For Existing Buyers (Hold and Make Average)
Daily Chart with Supports and Resistance:
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
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