Gul Ahmed Textile Mills Ltd.
Personal Goods (Textile)
Change: -2.31 2016-12-16
|Open:||54.40||52 Week High:||61.20||Market Capitalization Mln:||15474.91|
|High:||54.40||52 Week Low:||32.99||Outstanding Shares. Mln:||297.08|
|Low:||51.71||52 Week Avg.:||42.61||KSE AllShares % Weight-age:||0.17|
|Close:||52.09||52 Week Max Vol.:||4674000||KSE100 % Weight-age:||0.16|
|Average:||53.15||52 Week Min Vol.:||12500||KSE30 % Weight-age:||Not Listed|
|Volume:||1769000||52 Week Total Vol.:||181529500||Data Last Updated:||2016-12-16|
Our Pivot: 47.32
Our Preference: Start buying GATM from current price and average it out till 49.97 with strict stop loss of 47.32 and profit target at 60.59 and 62.80.
Alternate Scenario: Downward penetration of 47.32 will call for 44.90.
NOTE: GATM is moving in an upward price channel and right now its getting support from supportive trend line of said channel along with 61.8% weekly correction and a horizontal supportive region.
Start buying from current price and average it out till 49.97 with target at 60.59
Weekly Chart with Supports and Resistances:
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