PRL Pakistan Refinery Limited Short-Term Analysis 30th May 2017
Rebound Insight
Pakistan Refinery Ltd.Oil and Gas |
Price: 67.31Change: -0.79 2017-05-29 |
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| Open: | 68.10 | 52 Week High: | 82.20 | Market Capitalization Mln: | 19789.14 | ||
|---|---|---|---|---|---|---|---|
| High: | 68.48 | 52 Week Low: | 39.02 | Outstanding Shares. Mln: | 294.00 | ||
| Low: | 66.80 | 52 Week Avg.: | 50.12 | KSE AllShares % Weight-age: | 0.19 | ||
| Close: | 67.31 | 52 Week Max Vol.: | 12292500 | KSE100 % Weight-age: | Not Listed | ||
| Average: | 67.67 | 52 Week Min Vol.: | 0 | KSE30 % Weight-age: | Not Listed | ||
| Volume: | 468500 | 52 Week Total Vol.: | 507151500 | Data Last Updated: | 2017-05-29 | ||
Rebound Insight
Our Pivot: 65
Our Preference: Start buying PRL above 67.05 and add averages till 66.70 with strict stop loss of 65 and profit target at 70.30 with extension towards 71.50.
Alternate Scenario: Downward penetration of 65 will call for 62.
NOTE: PRL is getting support from a horizontal supportive region at its double bottom. Daily Stochastic is ready for a bullish crossover which can push index in positive zone.
Recommendations:
Buy above 67.05 and average it out till 66.70 with target at 70.30 and 71.50
Weekly Chart with Supports and Resistances:
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