PTC Pakistan Telecommunication Company Analysis 18 June 2013

• 2013-06-18 09:18:21
• 28 Comments
• 79 Views
• kse-analysis
• Noor Maier

Upside Prevails

Our pivot: 19.50 Our Preference: Start Buying PTC above21.80 and 22.00 also make good buying avareages till 20.33 area with a strict stop loss of 19.50 But Long term investors can post their stop loss at 18.06 and profit target at 24.39 and 25.07 with extension towards 26.67 Alternative Scenario: Downward Penetration of 19.50 will call for 18.06 and 17.66 NOTE: PTC is moving in an upward trend channel on weekly basis and is heading towards 24.39 on mid term basis. Right now its in correction mode and can touch 20.99 for fullfilling its correction. Recommendations: For New Entries (Start Buying above 22.00 and 20.33) Weekly Chart with Supports and Resistance:

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