PAKRI Pak Reinsurance Mid-Term Analysis 26 Oct. 2015

November 17, 2015 9:58 amComments Off on PAKRI Pak Reinsurance Mid-Term Analysis 26 Oct. 2015Views: 711

Rebound Insight

Our Pivot: 28.50

Our Preference: Buy above 32.27 and add averages till 30.85 with strict stop loss of 28.50 and profit target at 36.28.

Alternate Scenario: Downward penetration of 28.50 will call for 25.95.

NOTE: PAKRI is getting support from its weekly 50% correction level along with a horizontal supportive region.

Recommendations:

Buy above 32.27 and average it out till 30.85 with target at 36.28.

Weekly Chart with Supports and Resistances:

PAKRIW26102015

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