AICL Adam Ji Insurace Limited Analysis 15 Sep. 2014

September 15, 2014 9:11 amComments Off on AICL Adam Ji Insurace Limited Analysis 15 Sep. 2014Views: 420

Upside Prevails

Our Pivot: 44.59

Our Preference: Start Buying AICL above 46.85 and add averages till 45.60 with strict stop loss of 44.59 and profit target at 50.20 with extension towards 51.94

Alternate Scenario: Downward penetration of 44.59 will call for 43.67

NOTE: AICL is caged in wedge and its getting supports from rising trend line along with its weekly double bottom so its recommended to initiate new buying on given levels. Weekly MAORSI is also supporting its bullish behaviour.

Recommendations:

Buy above 46.85 and add averages till 45.60

Weekly Chart With Supports and Resistances:

AICLW15092014

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