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Posted 25 February 2008 - 09:44 AM
The breach of 15000 level with good volumes is a good omen, in this way the ascending triangle formed has bullish overtones; and leads us to the KSE target of 17500.
The level of 13800 and then 13000 is very crucial, if broken with volumes then Triple TOP will be confirmed and the KSE-100 target will be 11060.
Posted 25 February 2008 - 11:31 PM
Posted 29 February 2008 - 01:29 AM
Continuation of the bullish trend, with the price target of 49. Good volume at the break out point is bullish sign and confirmation of ascending triangle.
Stop Loss: 44.55
Posted 27 March 2008 - 01:29 PM
NIRE has been rebounded from 61.8% Fib-Retracement.
Good possibility of Short term gains.
Currently the scrip is trading with very low volumes.
I believe that the scrip will give many chances of profit taking and buy at dips before it will start its journey towards the target price of 20, mentioned by many other friends at TM till june-08.
For short term.
Resistance – 13.95
Posted 07 April 2008 - 03:17 AM
Classical example of cup and handle pattern, increased volumes on the break-out. Expected target is 138.