FFBL Fauji Fertilizer Bin Qasim Mid-Term Analysis 29 August 2016

Rebound Insight

Our Pivot: 48.81

Our Preference: Buy FFBL above 52.13 and average it out till 50.66 with strict stop loss of 48.81 and profit target at 56.03 and 57.95.

Alternate Scenario: Downward penetration of 48.81 will call for 46.22.

NOTE: FFBL is moving downward after completing 61.8% weekly correction of its last bearish rally and right now its getting support from bullish correction levels and its 100 weeks moving average along with a strong supportive region around 52.13 Rs.

Recommendations:

Buy above 52.13 and average it out till 50.66 with target at 56.03 and 57.95

Chart with Supports and Resistances:

FFBL 8

Overview

Quick Snapshot

Free Float

326,938,500

O/S Shares

934,110,000

Market Cap. (m)

0.00

Var Value

13.00

Hair Cut

25.00

Last Price

46.31

Price Adjusted

52 Weeks Range

52w Low

52w High

Intraday

Pivots

Level	1st	2nd	3rd
Supports	45.88	45.44	45.10
Resistances	46.66	47.00	47.44

Adjusted

Price Performance

Time Frame

Price Ch

%Ch

MTD Price Return

1.70

7.52

QTD Price Return

1.70

7.52

3M Price Return

-2.19

-8.27

6M Price Return

1.50

6.58

9M Price Return

-3.55

-12.75

YTD Price Return

-0.70

-2.80

1Y Price Return

-4.21

-14.77

3Y Price Return

-3.99

-14.10

5Y Price Return

-18.36

-43.04