PAKRI Pak Reinsurance Mid-Term Analysis 26 Oct. 2015
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:
3 COMMENTS
John Doe
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