AICL Adamjee Insurance Short term analysis 4th Mar. 2021

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Rebound Insight

Our Pivot: 35.30

Our Preference: Start buying AICL above 39.80 and average it out till 38.00 with strict stop loss of 35.30 and profit target at 45.20 with extension towards 47.10.

Alternate Scenario: Downward penetration of 35.30 will call for 31.80.

NOTE: AICL is moving in a bullish price channel and right now have completed 50% correction of its last bullish rally.

Chart with supports & resistances:

AICL 10
Overview
Quick Snapshot
Free Float

280,000,000

O/S Shares

350,000,000

Market Cap. (m)

0.00

Var Value

18.00

Hair Cut

22.50

Last Price

41.21

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports41.0040.7840.51
Resistances41.4941.7641.98
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
0.37
1.12
QTD Price Return
0.37
1.12
3M Price Return
-6.57
-16.43
6M Price Return
-0.27
-0.80
9M Price Return
-7.57
-18.46
YTD Price Return
-6.56
-16.40
1Y Price Return
-5.82
-14.83
3Y Price Return
-4.57
-12.03
5Y Price Return
-34.32
-50.66

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