PRL Pakistan Refinery Limited Mid-Term Analysis 10 April 2017
Rebound Insight
Pakistan Refinery Ltd.Oil and Gas |
Price: 73.12Change: 0.87 2017-04-07 |
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| Open: | 72.25 | 52 Week High: | 82.20 | Market Capitalization Mln: | 21497.28 | ||
|---|---|---|---|---|---|---|---|
| High: | 73.99 | 52 Week Low: | 39.02 | Outstanding Shares. Mln: | 294.00 | ||
| Low: | 70.01 | 52 Week Avg.: | 46.53 | KSE AllShares % Weight-age: | 0.23 | ||
| Close: | 73.12 | 52 Week Max Vol.: | 12292500 | KSE100 % Weight-age: | Not Listed | ||
| Average: | 72.34 | 52 Week Min Vol.: | 0 | KSE30 % Weight-age: | Not Listed | ||
| Volume: | 2766500 | 52 Week Total Vol.: | 509273000 | Free Float: | 88.20 | ||
Rebound Insight
Our Pivot: 66
Our Preference: Start buying PRL above 72 and add averages till 69.89 with strict stop loss of 66 and profit target at 84 with extension towards 92.
Alternate Scenario: Downward penetration of 66 will call for 54.
NOTE: PRL have completed its daily 50% correction and right now its getting support from a horizontal supportive region. Daily Stochastic is ready for a bullish crossover which will push it in upward direction.
Recommendations:
Buy above 72 and average it out till 69.89 with target at 84 and 92
Weekly Chart with Supports and Resistances:
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