AKBL Askari Bank Limited Analysis 26 Sep 2013

September 26, 2013 9:52 amComments Off on AKBL Askari Bank Limited Analysis 26 Sep 2013Views: 1063

Upside Prevails

Our Pivots: 12.20

Our Preference:Buy AKBL above 13.20 and 13.45 with strict stop loss of 12.20 and profit target at 15.12 and extension towards 15.94

Alternate Scenario: Downward Penetration of 12.20 will call for 11.26

NOTE: AKBL is moving in a downward price channel and now is moving back to retest its resistance at 15.12 so its recommended to buy it above 13.45

Recommendations:

For New Entries (Buy Above 13.20 and 13.45)

For Existing Holders (Hold till 15.12)

Weekly Chart with Supports and Resistance:

AKBL26092013

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