SSGC Sui Southern Gas Co Ltd Mid-Term Analysis 24 Feb. 2016

Rebound Insight

Our Pivot: 21.33

Our Preference: Start buying from current price and add averages till 22.75 with strict stop loss of 21.33 and profit target at 29.91 with extension towards 33.70.

Alternate Scenario: Downward penetration of 21.33 will call for 17.82 Rs.

NOTE: SSGC is moving a donward price channel and right now its getting support from supportive trend line along with two strong horizontal supportive areas. It also have completed its 100% expansion so now a reversal is expected

Recommendations: Start buying from current price and add averages till 22.75 with target at 29.91

Weekly Chart with Supports and Resistances: