FFBL Fauji Fertilizer Bin Qasim Short Term Analysis 18 Dec. 2017

Rebound Insight

Our Pivot: 31.50

Our Preference: Buy above 32.83 with strict stop loss of 31.50 and profit target at 34.97 and 36.30.

Alternate Scenario: Downward penetration of 31.50 would call for 29.30.

NOTE: FFBL is Supported by a rising trend line and a horizontal supportive region.

Daily chart with supports and resistances: