FABL Faysal Bank Limited Analysis 13 April 2016

Rebound Insight

Our Pivot: 11.66

Our Preference: Buy above 13.22 and average it out till 12.70 with strict stop loss of 11.66 and profit target at 15.56 with extension towards 16.90.

Alternate Scenario: Downward penetration of 11.66 will call for 10.90 and 10.30

NOTE: FABL is getting support from supportive trend line of its bearish trend channel along with horizontal support.

Recommendations:

Buy above 13.22 and average it out till 12.70 with target at 15.56.

Chart with Supports and Resistances: