PAEL Pak Elektron Ltd Analysis 06 May 2014
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Support ahead at 21.62
Our Pivot: 20.91
Our Preference: Buy PAEL above 22.66 and add averages till 21.62 with strict stop loss of 20.91 and profit target at 24.42, closing above 24.48 will call for a new bullish era towards 26.40
Alternate Scenario: Downward penetration of 20.91 will call for 19.50 and 18.72
NOTE: PAEL is going to get strong supports from horizontal supportive areas along with its 280 weeks moving average and a rising trend line which is supporting it since Nov. 2013 so its recommended to initiate buying on given levels.
Recommendations:
Buy above 22.66 till 21.62
Weekly Chart with Supports and Resistances:
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