FFBL Fauji Fertilizer Bin Qasim Analysis 21 April 2014

Upside Prevails Our Pivots: 37.90 Our Preference: Buy FFBL Above 40.85 and add averages till 39.83 with a strict stop loss of 37.90 and profit target at 43.25 and 44.01 Alternate Scenario: Downward Penetration of  37.90 will call for 36.95 NOTE: FFBL is moving in an upward trend channel since Sep 2012 and right now its going to get support from its 100 weeks moving average along with its supporting trend line so its recommended to initiate buying in FFBL Recommendations: For New Entries ( buy above 40.85 till 39.83) For Existing Holders (Hold with strict stop loss and given profit target) Monthly Chart with Supports and Resistance: FFBLW21042014

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John Doe

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Peter Doe

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