AKBL Askari Bank Limited Analysis 23 Oct 2013
Rebound Insight
Our Pivot: 10.46
Our Preference:Buy AKBL above 11.16 till 10.82 with a strict stop loss of 10.46 and profit target at 12.79 and 14.13
Alternate Scenario: Downward Penetration of 10.46 will call for 9.60
NOTE: AKBL is moving in a downward trend channel is getting strong support from its supportive trend line, weekly MACD, Stochastic and MAORSI are also indicating a reversal pattern, so its recommend to initiate buying in AKBL with a strict stop loss.
Recommendations:
For New Entries (Buy above 11.16 till 10.87)
For Existing Holdings (Hold Till 12.79 and 14.13)
Weekly Chart with Supports and Resistance:
3 COMMENTS
John Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Diana Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Melissa Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Peter Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.LEAVE A COMMENT