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: