AICL Adam Ji Insurace Limited Analysis 31 May 2016
Rebound Insight
Adamjee Insurance Co. Ltd.Non Life Insurance |
Price: 54.04Change: -1.11 2016-05-30 |
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| Open: | 55.15 | 52 Week High: | 61.49 | Market Capitalization Mln: | 18914.00 | ||
|---|---|---|---|---|---|---|---|
| High: | 55.15 | 52 Week Low: | 43.55 | Outstanding Shares. Mln: | 350.00 | ||
| Low: | 53.55 | 52 Week Avg.: | 54.92 | KSE AllShares % Weight-age: | 0.26 | ||
| Close: | 54.04 | 52 Week Max Vol.: | 13089000 | KSE100 % Weight-age: | 0.68 | ||
| Average: | 54.47 | 52 Week Min Vol.: | 61000 | KSE30 % Weight-age: | 1.03 | ||
| Volume: | 811500 | 52 Week Total Vol.: | 334636500 | Data Last Updated: | 2016-05-30 | ||
Rebound Insight
Our Pivot: 50.72
Our Preferene: Buy above 53.57 and average it out till 51.97 with strict stop loss of 50.72 and target at 57.13 and 58.47.
Alternate Scenario: Downward penetration of 50.72 will call for 48.14.
NOTE: AICL is getting support from a supportive trend line along with a horizontal supportive region at its weekly 61.8% correction.
Recommendations:
Buy above 53.57 and average it out tilll 51.97 with target at 57.13 and 58.47
Weekly Chart with Supports and Resistances:
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