SSGC Sui Southern Gas Co Ltd Mid-Term Analysis 13 Oct. 2015

November 11, 2015 4:46 pmComments Off on SSGC Sui Southern Gas Co Ltd Mid-Term Analysis 13 Oct. 2015Views: 173

Upside Prevails

Our Pivot: 33.60

Our Preference: Buy above 37 and add averages till 35.20 with strict stop loss of 33.60 and profit target at 42.13.

Alternate Scenario: Downward penetration of 33.60 will call for 27.44 Rs.

NOTE: SSGC is moving an upward price channel and right now its getting support from supportive trend line along with two strong horizontal supportive areas.

Recommendations:

Buy above 37 and add averages till 35.20 with target at 42.13

Weekly Chart with Supports and Resistances:

SSGCW13102015

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