AKBL Askari Bank Limited Analysis 13 Jan 2014

January 13, 2014 7:17 amComments Off on AKBL Askari Bank Limited Analysis 13 Jan 2014Views: 1198

Rebound Insight

Our Pivot: 16.36

Our Preference: Short Sell  AKBL Between 14.00 and 14.70  and Averages till 15.10 with a strict stop loss of 16.36 and profit target at 11.55

Alternate Scenario: Upward Penetration of 16.36 will call for 19.20

NOTE: AKBL is getting strong resistance from its 100 weeks moving average so its recommended to short sell it.

Recommendations:

For New Entries (Short below 14.00 till 14.69)

For Existing Holdings (Hold Till 12.79 and 11.55)

Weekly Chart with Supports and Resistance:

AKBLW13012014

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