PKGP Pakgen Power Limited Analysis 09 Sep 2013
23.26 Insight
Our Pivots: 19.25
Our Preference: Buy PKGP above 20.35 with a stirct stop loss of 19.25 and profit target at 22.62 and 23.26.
Our Preference For Long Term: Keep buying till 18.56
Alternate Scenario: Downward Penetration of 19.25 will call for 18.53 and 16.98
NOTE: PKGP is getting a short term support from its 100 weeks moving average along with its an upward trend line which is behaving as a supportive trend line for PKGP since March 2012, so its recommended to buy PKGP on given levels, also if it will become able to close above 23.26 then it will take a spike towards 25.97
Recommendations:
For Intraday Entries ( buy above 20.35)
For Existing Holders (Hold with strict stop loss and give profit target)
Weekly Chart with Supports and Resistance:
3 COMMENTS
John Doe
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