FCCL Fauji Cement Ltd. Short term Analysis 28th Jul. 2020

Further Advance

Our Pivot: 18.25

Our Preference: Start buying FCCL from current price and average it out till 19.20 with strict stop loss of 18.25 and profit target at 21.44 with extension towards 22.00.

Alternate Scenario: Downward penetration of 18.25 will call for 17.34.

NOTE: FCCL is getting support from a horizontal supportive region.

Daily Chart with Supports and Resistances: