AKBL Askari Bank Limited Analysis 13 Nov. 2014

November 13, 2014 7:52 amComments Off on AKBL Askari Bank Limited Analysis 13 Nov. 2014Views: 430

Downside Prevails

Our Pivot:23.62 

Our Preference: Short Sell from Current Price with Strict stop loss of 23.62 and profit target at 21.49.

Alternate Scenario: Upward penetration of 23.62 will call for 24.51.

NOTE: AKBL Prices are capped by a resistant trend line. Weekly stochastic and MAORSI are also indicating a downard reversal in AKBL so its recommended to initiate new selling in AKBL.

Recommendations:

Start short selling from current price with targets at 21.49.

Historical Price Statistics of AKBL:

Daily Chart with Supports and Resistances:

AKBLD13112014

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