PIBTL Pakistan Int. Bulk Terminal Limited short term analysis 11th Dec. 2020
Rebound Insight
Further Advance
Our Pivot: 12.00
Our Preference: Start buying PIBTL above 13.18 and average it out till 12.50 with strict stop loss of 12.00 and profit target at 14.20 with extension towards 15.00 and 15.40.
Alternate Scenario: Downward penetration of 12.00 will call for 11.60 and 11.03.
NOTE: PIBTL is moving in a bullish price channel and right now its heading towards breakout of its triangle inside that channel after a correction.
Chart with supports & resistances:
Leave A Comment
Required fields are marked *. Your email will not be published or shared.