AICL Adam Ji Insurace Limited Analysis 08 March 2016
Upside Prevails
Our Pivot: 47.50
Our Preference: Start buying AICL from current price and average it out till 50 with strict stop loss of 47.50 and profit target at 56.71 and 58.33.
Alternate Scenario: Downward penetration of 47.50 will call for 44.75.
NOTE: AICL is moving in a downward price channel and right now its moving back after getting support from supportive trend line of said channel, along with a strong horizontal support. Weekly stochastic and RSI are also in bullish mode.
Recommendations: Start buying from current price and average it out till 50 with target at 56.71.
Weekly Chart with Supports and Resistances:
AICL 10
Overview
Quick Snapshot
Free Float
280,000,000
O/S Shares
350,000,000
Market Cap. (m)
0.00
Var Value
18.00
Hair Cut
22.50
Last Price
57.37
Price Adjusted
52 Weeks Range
52w Low
52w High
Intraday
Pivots
| Level | 1st | 2nd | 3rd | Supports | 56.77 | 56.16 | 55.55 | Resistances | 57.99 | 58.60 | 59.21 |
|---|
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
0.37
1.12
QTD Price Return
0.37
1.12
3M Price Return
-6.57
-16.43
6M Price Return
-0.27
-0.80
9M Price Return
-7.57
-18.46
YTD Price Return
-6.56
-16.40
1Y Price Return
-5.82
-14.83
3Y Price Return
-4.57
-12.03
5Y Price Return
-34.32
-50.66