PKGP Pakgen Power Limited Analysis 27 June 2013
PKGP 27.64 insight
Our Pivot: 21.67
Our Preference: BUY PKGP above 22.48 and 23.00 with a strict stop loss of 21.67 and profit target at 26.86 and 27.64
Alternative Scenario: Downward penetration of 21.67 will call for 19.00
NOTE: PKGP is moving in an upward weekly channel and is going to get support from its correction levels at 23.00 and 22.48 so its recommended to buy it around these levles.
Recommendations:
For New Entries ( buy above 22.48 and 23.00 )
Existing buyers short term (Hold till 26.86 and 27.64.)
Weekly Chart with Supports and Resistance:
3 COMMENTS
John Doe
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