Wednesday, 11 January 2012

Technical analysis of Karachi Stocks | HALALTAMWEEL.COM

Technical analysis of Karachi Stocks

1/11/2012 2:18:45 PM

The technical analysis showed that Halal Stocks KMI-30 share index short term MA (15), intermediate MA (45) and long term MA (100) profiles are bearish. Resistance around 19,992.21 resulted in a marginal break of 19,536.44 Support. Could adjust further to 19,281.40 ~ 19,080.67 area.

We view last couple retreats as momentary reaction. As all the profiles are bearish therefore Stay Short!

No comments:

Post a Comment