PEBBLES - EQUITIESPage4 PEBBLES Dewan Farooque Motors Limited (DFML) Support & Resistance What...
Transcript of PEBBLES - EQUITIESPage4 PEBBLES Dewan Farooque Motors Limited (DFML) Support & Resistance What...
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PEBBLES - EQUITIES
Kamal Ahmed REP-039
BIPL Securities Limited
Ph. #: (9221) 111 222 000 Ext: 371 ww.jamapunji.com
Dewan Cement Limited (DCL) Support & Resistance
What should you do
KATS DCL
Outlook Bullish
Buy/Sell Buy
Shariah Compliant Yes
Resistance 29.80
Current Share Price 26.57
Shares Outstanding (mn) 484
Support 26.10
Technical Target 29.80
Free Float % 0.25
Technical Indicators
Technical Cut-loss 25.50
12M ADTO (Shares mn) 4.03
20-DMA 26.7
12M ADTV PKRmn/USDmn 93/0.84
100-DMA 17.5
52-Weeks High/Low (PKR) 33.87/11.86
200-DMA 19.0
Market Cap PKRbn/USDmn 12.86/116
RSI 57.0
Analysis & Overview
Couple of weeks ago, DCL broke above the declining channel
on big time frame charts which indicates that DCL could
continue for an upward drive. Buying positions can be
accumulated near 26.10, with risk defined below 25.50.
Profit target should be set near 29.80.
Aisha Steel Mills Limited (ASL) Support & Resistance
What should you do
KATS ASL
Outlook Bullish
Buy/Sell Buy
Shariah Compliant No
Resistance 22.30
Current Share Price 21.05
Shares Outstanding (mn) 832
Support 20.70
Technical Target 22.30
Free Float % 0.40
Technical Indicators
Technical Cut-loss 20.10
12M ADTO (Shares mn) 8.50
20-DMA 21.2
12M ADTV PKRmn/USDmn 185/1.67
100-DMA 18.9
52-Weeks High/Low (PKR) 25.89/15.37
200-DMA 20.1
Market Cap PKRbn/USDmn 17.52/158
RSI 54.6
Analysis & Overview
ASL is trading in a positive momentum on daily charts. The
stock is preferred to buy near 20.70 with stop loss defined
below 20.10. Profit should be booked near 22.30. Daily RSI
currently stands at 54.67. However stochastic indicator is
bullish and calls for an upside move in near term future.
Feb 23, 2018
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PEBBLES
Sui Southern Gas Company Limited (SSGC) Support & Resistance
What should you do
KATS SSGC
Outlook Bullish
Buy/Sell Buy
Shariah Compliant No
Resistance 37.40
Current Share Price 35.74
Shares Outstanding (mn) 880.92
Support 35.20
Technical Target 37.40
Free Float % 0.350
Technical Indicators
Technical Cut-loss 34.50
12M ADTO (Shares mn) 5.14
20-DMA 35.7
12M ADTV PKRmn/USDmn 197/1.78
100-DMA 32.8
52-Weeks High/Low (PKR) 46.07/24.73
200-DMA 36.2
Market Cap PKRbn/USDmn 31.48/285
RSI 55.0
Analysis & Overview
However trading above 100-DMA on daily charts, it could
face a strong resistance near 37.40. It is recommended to
book profits near mentioned resistance zone and can
resume buying if SSGC manages to close above it with the
profit target near 40. Alternatively, buying positions can
also be accumulated near 35.20 with risk defined below
34.50. A breakage below 34.50 could result into further
weakness towards 33.40 and 32.80.
Fauji Cement Company Limited (FCCL) Support & Resistance
What should you do
KATS FCCL
Outlook Bullish
Buy/Sell Buy
Shariah Compliant Yes
Resistance 26.75
Current Share Price 25.30
Shares Outstanding (mn) 1380
Support 24.50
Technical Target 28.30
Free Float % 0.55
Technical Indicators
Technical Cut-loss 24.28
12M ADTO (Shares mn) 3.08
20-DMA 27.8
12M ADTV PKRmn/USDmn 107/0.97
100-DMA 27.4
52-Weeks High/Low (PKR) 47.3/21
200-DMA 33.7
Market Cap PKRbn/USDmn 34.91/316
RSI 35.0
Analysis & Overview
FCCL completed 61% retracement of its move from bottom
(20.29) to top (30.73). If FCCL manages to hold 61% of
Fibonacci retracement on the downside which is at 24.28, it
could trigger 26.75 and 28.30 in extensions. On the other
hand, if FCCL breaks down 24.28 then it could be dragged
down towards 22.53 and 20.29. It is recommended to buy
FCCL near 24.50 with stop loss defined closing below 24.28
while profit target should be 26.75.
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PEBBLES
Dost Steel Limited (DSL) Support & Resistance
What should you do
KATS DSL
Outlook Bullish
Buy/Sell Buy
Shariah Compliant No
Resistance 14.30
Current Share Price 13.46
Shares Outstanding (mn) 315.73
Support 12.90
Technical Target 15.40
Free Float % 0.75
Technical Indicators
Technical Cut-loss 12.40
12M ADTO (Shares mn) 5.85
20-DMA 12.6
12M ADTV PKRmn/USDmn 76/0.69
100-DMA 12.1
52-Weeks High/Low (PKR) 15.67/9.63
200-DMA 12.2
Market Cap PKRbn/USDmn 4.25/38
RSI 66.5
Analysis & Overview
DSL recently broke above trend line on weekly charts which
indicates that DSL could continue its upward move. Technical
indicators are also bullish and call for an upside move in near
term future. The said stock is preferred to buy near 12.90
with the stop loss defined below 12.40, furthermore, the
profit target should be aimed near 14.30 and 15.40 in
extension.
The Resource Group (TRG) Support & Resistance
What should you do
KATS TRG
Outlook Bullish
Buy/Sell Buy
Shariah Compliant No
Resistance 39.30
Current Share Price 36.8
Shares Outstanding (mn) 545
Support 35.20
Technical Target 43.8
Free Float % 0.85
Technical Indicators
Technical Cut-loss 37.7
12M ADTO (Shares mn) 11.64
20-DMA 36.7
12M ADTV PKRmn/USDmn 490/4.43
100-DMA 34.0
52-Weeks High/Low (PKR) 59.87/26.6
200-DMA 38.9
Market Cap PKRbn/USDmn 20.09/182
RSI 55.2
Analysis & Overview
TRG held 20-WMA which acts as an important support area.
Momentum for TRG is turning to be positive on daily charts.
TRG is preferred to buy near 35.20 with risk defined below
34.30 while 39.30 should be considered as a profit target.
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PEBBLES
Dewan Farooque Motors Limited (DFML) Support & Resistance
What should you do
KATS DFML
Outlook Bullish
Buy/Sell Buy
Shariah Compliant No
Resistance 50.50
Current Share Price 45.61
Shares Outstanding (mn) 138.74
Support 44.30
Technical Target 50.50
Free Float % 0.40
Technical Indicators
Technical Cut-loss 43.50
12M ADTO (Shares mn) 3.89
20-DMA 44.6
12M ADTV PKRmn/USDmn 154/1.39
100-DMA 32.1
52-Weeks High/Low (PKR) 57.61/22.3
200-DMA 36.9
Market Cap PKRbn/USDmn 6.33/57
RSI 61.9
Analysis & Overview
Deewan Farooq Motors Limited is trading on a rising trend
line which enhances the chance of a positive price change in
near term. It is recommended to buy DFML near 44.30 area
with risk defined below 43.50, however, the target should be
50.50 which is the horizontal trend line resistance. Technical
indicators are bullish and call for an upside move.
Analysis & Overview
The stock is capped by a declining trend line which is plotted
near 39.81 area. PRL is also trading below 21-DMA. Any close
above 39.80 could boost prices towards 41.45. The PRL stock
preference is to buy near 37.10 with target at 39.80 and
41.50 in extension. Alternatively, below 36.30 creates further
downside of 34.40 and 31.20 as targets.
Pakistan Refinery Limited (PRL) Support & Resistance
What should you do
KATS PRL
Outlook Bullish
Buy/Sell Buy
Shariah Compliant No
Resistance 39.80
Current Share Price 38.14
Shares Outstanding (mn) 294
Support 37.10
Technical Target 41.50
Free Float % 0.30
Technical Indicators
Technical Cut-loss 36.30
12M ADTO (Shares mn) 1.51
20-DMA 40.0
12M ADTV PKRmn/USDmn 92/0.84
100-DMA 39.7
52-Weeks High/Low (PKR) 81.45/32.26
200-DMA 48.2
Market Cap PKRbn/USDmn 11.21/101
RSI 44.2
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PEBBLES
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