PAKRI Pak Reinsurance Mid-Term Analysis 27 April 2016

Rebound Insight

Our Pivot:25.17

Our Preference: Start buying from current price and add averages till 27.24 with strict stop loss of 25.17 and profit target at 32.48 and 34.51.

Alternate Scenario: Downward penetration of 25.17 will call for 22.70.

NOTE: PAKRI is getting support from a rising trend line along with supportive trend line of its mid-term bearish trend channel. Weekly Stochastic and MAORSI are also in reversal mode.

Recommendations:

Start buying from current price and average it out till 27.24 with target at 32.48 and 34.51.

Weekly Chart with Supports and Resistances: