pebbles - equitiespage4 pebbles dewan farooque motors limited (dfml) support & resistance what...

PEBBLES - EQUITIES

Kamal Ahmed REP-039

[email protected]

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



Support 20.70


Free Float % 0.40




20-DMA 21.2


100-DMA 18.9


200-DMA 20.1


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

PEBBLES

Sui Southern Gas Company Limited (SSGC) Support & Resistance

What should you do

KATS SSGC

Outlook Bullish

Buy/Sell Buy


Resistance 37.40


Shares Outstanding (mn) 880.92

Support 35.20


Free Float % 0.350




20-DMA 35.7


100-DMA 32.8


200-DMA 36.2


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



Support 24.50


Free Float % 0.55




20-DMA 27.8


100-DMA 27.4

52-Weeks High/Low (PKR) 47.3/21

200-DMA 33.7


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.

PEBBLES

Dost Steel Limited (DSL) Support & Resistance

What should you do

KATS DSL

Outlook Bullish

Buy/Sell Buy


Resistance 14.30



Support 12.90


Free Float % 0.75




20-DMA 12.6


100-DMA 12.1


200-DMA 12.2


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


Resistance 39.30



Support 35.20


Free Float % 0.85




20-DMA 36.7


100-DMA 34.0


200-DMA 38.9


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.

PEBBLES

Dewan Farooque Motors Limited (DFML) Support & Resistance

What should you do

KATS DFML

Outlook Bullish

Buy/Sell Buy


Resistance 50.50



Support 44.30


Free Float % 0.40




20-DMA 44.6


100-DMA 32.1


200-DMA 36.9


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


Resistance 39.80



Support 37.10


Free Float % 0.30




20-DMA 40.0


100-DMA 39.7


200-DMA 48.2


RSI 44.2

PEBBLES

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