SNGP Sui Northern Gas Ltd. Intraday Analysis 11 July 2017

Further Advance

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SNGP Chart Illustration by CapitalMarkets

Sui Northern Gas Ltd.

    Multiutilities (Gas and water)

Price:  149.27

   Change: 8.34    2017-07-10
Open: 140.93 52 Week High: 185.00 Market Capitalization Mln: 94669.52
High: 149.34 52 Week Low: 37.81 Outstanding Shares. Mln: 634.22
Low: 138.16 52 Week Avg.: 96.95 KSE AllShares % Weight-age: 1.00
Close: 149.27 52 Week Max Vol.: 31682500 KSE100 % Weight-age: 1.85
Average: 144.43 52 Week Min Vol.: 0 KSE30 % Weight-age: 2.82
Volume: 4654800 52 Week Total Vol.: 1877155000 Data Last Updated: 2017-07-10

Further Advance

Our Pivot: 145.20

Our Preference: Start buying SNGP from current price with strict stop loss of 145.20 and profit target at 153.46 and 156.

Alternate Scenario: Downward penetration of 145.20 will call for 141.

NOTE: SNGP have bounced back after retesting its supportive regions and right now its getting support from a rising trend line along with a horizontal support. Daily Stochastic and MAORSI have generated bullish crossover which could push it towards 153 Rs.

Daily Chart with Supports and Resistances:

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