FFBL Fauji Fertilizer Bin Qasim Mid-Term Analysis 25 April 2016

Rebound Insight

Our Pivot: 45.14

Our Preference: Buy FFBL above 49.56 and average it out till 47.63 with strict stop loss of 45.14 and profit target at 53.93 and 57.07.

Alternate Scenario: Downward penetration of 45.14 will call for 42.60.

NOTE: FFBL is supported by a strong monthly trend line along with supportive horizontal regions. Weekly 61.8% Correction is also completed

Recommendations:

Buy above 49.56 and average it out till 47.63 with target at 53.93 and 57.07

Chart with Supports and Resistances: