PAKCEM Pakcem Limited Mid-term Analysis 10 June 2016

Rebound Insight

Our Pivot: 15.33

Our Preference: Start buying PAKCEM from current price and add averages till 16.61 with strict stop loss of 15.33 and profit target at 20.43 and 21.36.

Alternate Scenario: Downward penetration of 15.33 will call for 14.30.

NOTE: PAKCEM is getting Support from a rising trend line along with a horizontal supportive area.

Recommendations:

Start buying from current price and add averages till 16.61 with target at 20.43.

Weekly Chart with Supports and Resistances: