FCCL Fauji Cement Company Limited Mid Term Analysis 30 July 2013
Downside Prevails
Our Pivot: 18.81
Our Preference: Short Sell FCCL as long as 17.76 is sustained as resistances below 17.00 with strict stop loss at 18.81 or 20.57 and profit target at 11.82 and 10.31 on Mid Term Basis.
Alternative Scenario: Upward penetration of 18.81 will call for 20.57
NOTE: FCCL is moving back after getting a resistances from a horizontal resistant line and is moving back towards 11.82, it have major resistances ahead at 17.76, 18.81, 19.11 and 20.57 so its recommended to short sell it below 17.00 area and hold till 11.82.
Recommendations:
For New Entries ( Short Sell below 17.00)
Existing buyers short term (Hold Short selling till 11.82)
Monthly 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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