AICL Adamjee Insurance Short term analysis 4th Mar. 2021

Rebound Insight

Our Pivot: 35.30

Our Preference: Start buying AICL above 39.80 and average it out till 38.00 with strict stop loss of 35.30 and profit target at 45.20 with extension towards 47.10.

Alternate Scenario: Downward penetration of 35.30 will call for 31.80.

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: