PPL Pakistan Petroleum Limited Short-term Analysis 16th July 2018

Turning Down

Our Pivot: 213.90

Our Preference: Short Sell PPL below 208.34 and add averages till 210.80 with strict stop loss of 213.90 and profit target at 199.50 with extension towards 195.90.

Alternate Scenario: Upward penetration of 213.90 will call for 217.30

NOTE: PPL is capped by a descending trend line and it also have completed its 61.8% correction on daily chart after completion of 100% expansion in bearish direction. Daily momentum indicators are in bearish mode as Stochastic and MAORSI both have generated bearish crossovers.

Daily Chart with Supports & Resistances:

PPL 16

Overview

Quick Snapshot

Free Float

666,184,610

O/S Shares

2,147,483,647

Market Cap. (m)

0.00

Var Value

13.00

Hair Cut

17.50

Last Price

89.19

Price Adjusted

52 Weeks Range

52w Low

52w High

Intraday

Pivots

Level	1st	2nd	3rd
Supports	87.89	86.58	85.47
Resistances	90.31	91.42	92.73

Adjusted

Price Performance

Time Frame

Price Ch

%Ch

MTD Price Return

2.91

3.93

QTD Price Return

2.91

3.93

3M Price Return

-3.72

-4.62

6M Price Return

-0.13

-0.17

9M Price Return

-9.49

-10.99

YTD Price Return

-2.37

-2.99

1Y Price Return

-8.42

-9.87

3Y Price Return

-70.62

-47.88

5Y Price Return

-37.97

-33.06