PKGP Pakgen Power Limited Analysis 09 Sep 2013

September 9, 2013 7:46 amComments Off on PKGP Pakgen Power Limited Analysis 09 Sep 2013Views: 122

23.26 Insight

Our Pivots: 19.25

Our Preference: Buy PKGP above  20.35 with a stirct stop loss of 19.25 and profit target at 22.62 and 23.26. 

Our Preference For Long Term: Keep buying till 18.56

Alternate Scenario: Downward Penetration of 19.25 will call for 18.53 and 16.98

NOTE: PKGP is getting a short term support from its 100 weeks moving average along with its an upward trend line which is behaving as a supportive trend line for PKGP since March 2012, so its recommended to buy PKGP on given levels, also if it will become able to close above 23.26 then it will take a spike towards 25.97

Recommendations:

For Intraday Entries ( buy above  20.35)

For Existing Holders (Hold with strict stop loss and give profit target)

Weekly Chart with Supports and Resistance:

PKGPW09092013

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