FFBL Fauji Fertiliser Bin Qasim Intra-day Analysis 16 Feb. 2017

Further Advance

Our Pivot: 56.85

Our Preference: Start buying from current price and average it out till 58.00 with strict stop loss of 56.85 and profit target at 60.17 and 60.70.

Alternate Scenario: Downward penetration of 56.85 will call for 55.69.

NOTE: FFBL have started a new bullish trend after breakout of its resistant region. Right now its being supported by a rising trend line and stochastic have generated a bullish crossover.

Recommendations:

Start buying above current price with target at 60.70.

Intraday Chart with Supports and Resistances: