WAVES Singer Pakistan limited short term analysis 29th Dec. 2020

Further Advance

Our Pivot: 24.00

Our Preference: Start buying from current price and average it out till 26.45 with strict stop loss of 24.00 and profit target at 29.40 with extension towards 31.15.

Alternate Scenario: Downward penetration of 24.00 will call for 23.25 and 22.65.

NOTE: Waves have given bullish breakout of its descending wedge after completing 61.8% correction of its last bullish rally and now after completion of its 50% correction its heading towards expansion of its wedge again.

Daily chart with supports & resistances:

WAVES 4

Overview

Quick Snapshot

Free Float

56,281,218

O/S Shares

187,604,059

Market Cap. (m)

0.00

Var Value

17.00

Hair Cut

22.50

Last Price

19.64

Price Adjusted

52 Weeks Range

52w Low

52w High

Intraday

Pivots

Level	1st	2nd	3rd
Supports	19.44	19.24	19.04
Resistances	19.84	20.04	20.24

Adjusted

Price Performance

Time Frame

Price Ch

%Ch

MTD Price Return

0.75

5.06

QTD Price Return

0.75

5.06

3M Price Return

0.05

0.32

6M Price Return

-2.39

-13.31

9M Price Return

-10.49

-40.27

YTD Price Return

-0.14

-0.89

1Y Price Return

-5.29

-25.37

3Y Price Return

-4.67

-23.08

5Y Price Return

-23.66

-60.33