PIBTL Pak Int.Bulk Terminal Analysis 21 March 2016

Rebound Insight

Our Pivot: 22.94

Our Preference: Start buying PIBTL above 26.55 and average it out till 24.72 with strict stop loss of 22.94 and profit target at 29.72 and 30.32.

Alternate Scenario: Downward penetration of 22.94 will call for 19.38.

NOTE: PIBTL is getting support from weekly double bottom along with two strong supportive trend lines.

Recommendations:

Start buying above 26.55 and average it out till 24.72 with target at29.72 and 30.32

Weekly Chart with Supports and Resistances: