PKGP Pak Gen Power Short-Term Analysis 02 Nov. 2015

November 17, 2015 10:05 amComments Off on PKGP Pak Gen Power Short-Term Analysis 02 Nov. 2015Views: 843

Rebound Insight

Our Pivot: 20.69

Our Preference: Buy PKGP above 25.62 and add averages till 23.67 with strict stop loss of 20.69 and profit target at 29.67 and 32.62.

Alternate Scenario: Downward penetration of 20.69 will call for 19.59.

NOTE: PKGP is moving in a downward price channel and it have fulfilled its 50% weekly correction, now its getting support from a horizontal supports along with supportive trend line of said channel and correction levels.

Recommendations:

Buy above 25.62 and average out till 23.67 with target at 29.67 and 30.62

Weekly Chart with Supports and Resistances:

PKGPW02112015

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