AICL Adam Ji Insurace Limited Analysis 19 July 2016

Upside Prevails

Our Pivot: 44.83

Our Preference: Buy above 49.93 and average it out till 47.26 with strict stop loss of 44.83 and profit target at 54.16 with extension towards 57.19.

Alternate Scenario: Downward penetration of 44.83 will call for 41.60.

NOTE: AICL is getting support from a rising trend line along with a horizontal supportive region.

Recommendations:

Buy above 49.93 and average it out till 47.26 with target at 54.16

Chart with Supports and Resistances: