AKBL Askari Bank Limited Analysis 23 Oct 2013

October 23, 2013 8:30 amComments Off on AKBL Askari Bank Limited Analysis 23 Oct 2013Views: 42

Rebound Insight

Our Pivot: 10.46

Our Preference:Buy AKBL above 11.16 till 10.82 with a strict stop loss of 10.46 and profit target at 12.79 and 14.13

Alternate Scenario: Downward Penetration of 10.46 will call for 9.60

NOTE: AKBL is moving in a downward trend channel is getting strong support from its supportive trend line, weekly MACD, Stochastic and MAORSI are also indicating a reversal pattern, so its recommend to initiate buying in AKBL with a strict stop loss.

Recommendations:

For New Entries (Buy above 11.16 till 10.87)

For Existing Holdings (Hold Till 12.79 and 14.13)

Weekly Chart with Supports and Resistance:

AKBLW23102013

Disclaimer.

High Risk Investment

Trading foreign exchange, Commodities and Equities (Stocks) on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, Commodities and Equities (Stocks) you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment. You should be aware of all the risks associated with foreign exchange, Commodities and Equities (Stocks) trading and seek advice from an independent financial advisor if you have any doubts

Market Opinions

Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Accuracy of Information

The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. We have taken reasonable measures to ensure the accuracy of the information on the website; however, it does not guarantee accuracy and will not accept liability for any loss or damage which may arise directly or indirectly from the content or from your inability to access the website, or for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.

Comments

comments

Tags:

Comments are closed