AICL Adamjee Insurance Short term analysis 25th Mar. 2021

Rebound Insight

Our Pivot: 38.00

Our Preference: Start buying AICL from current price and average it out till 40.00 with strict stop loss of 38.00 and profit target at 44.20 with extension towards 46.00.

Alternate Scenario: Downward penetration of 38.00 will call for 35.30.

NOTE: AICL is moving in a bullish price channel and right now have completed 50% correction of its last bullish rally.

Chart with supports & resistances: