KAPCO Kot Addu Power Company Mid-Term Analysis 04 April 2016

Rebound Insight

Our Pivot: 70.21

Our Preference: Start buying KAPCO above 75.75 and average it out till 73.56 with strict stop loss f 70.21 and target at 83.12 and 86.97.

Alternate Scenario: Downward penetration of 70.21 will call for 67.91.

NOTE: KAPCO is getting support from a rising trend line along with a strong horizontal supportive region. Weekly 61.8% correction level is already fulfilled and its expected a rebound in it.

Recommendations:

Buy above 75.75 and average it out till 73.56 with target at 83.12 adn 86.97.

Weekly Chart with Supports and Resistances: