PIAA Pakistan International Airlines Mid-Term 27 April 2016

Rebound Insight

Our Pivot: 6.67

Our Preference: Start buying PIAA from current price and average it out till7.33 with strict stop loss of 6.67 and profit target at 9.30 and 9.94.

Alternate Scenario: Downward penetration of 6.67 will call for 5.70.

NOTE: PIAA is getting support from a rising trend line along with horizontal supportive areas. Weekly 61.8% correction is already fulfilled and right now its retesting it.

Recommendations:

Start buying from current price and average out till 7.33 with target at 8.86 and 9.10

Weekly Chart with Supports and Resistances: