CENI Century Insurance Comany Limited Mid-Term Analysis 16 May 2016
Upside Prevails
Century Insurance Comany Limited.Non Life Insurance |
Price: 23.74Change: 0.22 2016-05-13 |
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| Open: | 23.52 | 52 Week High: | 34.70 | Market Capitalization Mln: | 1085.50 | ||
|---|---|---|---|---|---|---|---|
| High: | 23.75 | 52 Week Low: | 18.55 | Outstanding Shares. Mln: | 45.72 | ||
| Low: | 23.20 | 52 Week Avg.: | 25.11 | KSE AllShares % Weight-age: | 0.01 | ||
| Close: | 23.74 | 52 Week Max Vol.: | 1456000 | KSE100 % Weight-age: | Not Listed | ||
| Average: | 23.55 | 52 Week Min Vol.: | 500 | KSE30 % Weight-age: | Not Listed | ||
| Volume: | 9500 | 52 Week Total Vol.: | 18223500 | Data Last Updated: | 2016-05-13 | ||
Upside Prevails
Our Pivot: 19.61
Our Preference: Buy CENI above 22.83 and average it out till 21.14 with strict stop loss of 19.61 and profit target at 27.85 with extension towards 30.00.
Alternate Scenario: Downward penetration of 19.61 will call for 16.84.
NOTE: CENI is getting support from supportive trend line of its bullish price channel along with a horizontal supportive region. Weekly Stochastic and MAORSI are also ready for a pull back.
Recommendations:
Buy above 22.83 and average it out till 21.14 with target at 27.85 and 30.00
Weekly Chart with Supports and Resistances:
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