Gul Ahmed Textile Mills Ltd.Personal Goods (Textile) |
Price: 52.09Change: -2.31 2016-12-16 |
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| Open: | 54.40 | 52 Week High: | 61.20 | Market Capitalization Mln: | 15474.91 | ||
|---|---|---|---|---|---|---|---|
| High: | 54.40 | 52 Week Low: | 32.99 | Outstanding Shares. Mln: | 297.08 | ||
| Low: | 51.71 | 52 Week Avg.: | 42.61 | KSE AllShares % Weight-age: | 0.17 | ||
| Close: | 52.09 | 52 Week Max Vol.: | 4674000 | KSE100 % Weight-age: | 0.16 | ||
| Average: | 53.15 | 52 Week Min Vol.: | 12500 | KSE30 % Weight-age: | Not Listed | ||
| Volume: | 1769000 | 52 Week Total Vol.: | 181529500 | Data Last Updated: | 2016-12-16 | ||
Rebound Insight
Our Pivot: 47.32
Our Preference: Start buying GATM from current price and average it out till 49.97 with strict stop loss of 47.32 and profit target at 60.59 and 62.80.
Alternate Scenario: Downward penetration of 47.32 will call for 44.90.
NOTE: GATM is moving in an upward price channel and right now its getting support from supportive trend line of said channel along with 61.8% weekly correction and a horizontal supportive region.
Recommendations:
Start buying from current price and average it out till 49.97 with target at 60.59
Weekly Chart with Supports and Resistances:
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