03.03.

2020
TECHNICAL CALL-REVIEW

ACL

PREVIOUS CALL (was @ 53.40)

Stock is trading above the 200 day MA and is in an uptrend.

If the stock fails to hold the trend line support, we expect the stock to hold the key support near LKR
50.30-49.20

If the trend line support is held and the stock moves to the upside, the resistance for the stock is at LKR
56.50-56.80

REVIEW (CMP @ LKR 49.00)

Stock did not hold the trend line support: it dipped to the support level LKR 50.30-49.20. However it is still
trading above the 200 day MA.

LKR 48-49 support is expected to be held given that the stochastic indicator is bullish and the price
touching the lower band of the Donchian channel.

If this support is broken the next key support is at LKR 42.40-41.20.

TECHNICAL ANALYSIS BY:

Amani Ilyas
DISCLAIMER

• This report is strictly confidential and is being furnished to you solely for your information purpose.
• The information, tools and material presented in this report are not to be used or considered as an offer or solicitation of an
offer to sell or to purchase or subscribe for securities.
• BRS has not taken any measures to guarantee in any way that the securities referred to herein are suitable investments for
any particular investor. BRS will not under any circumstance, consider recipients as its customers by virtue of them receiving
the report. The investments or services contained or referred to in this report may not be suitable for you and it is highly rec-
ommended that you consult an independent investment advisor if you are in any doubt about such investments or related
services.
• Further, nothing in this report constitutes investment, legal, accounting or tax advice or a representation that any investment
or strategy is suitable or appropriate to your individual circumstances, investment needs or otherwise construes a personal
recommendation to you.
• BRS makes no representations or warranty, express or implied, as to their accuracy or completeness or correctness of the
information. BRS accepts no liability whatsoever for any loss arising from the use of the material presented in this report.
• Past performance should not be taken as any indication or guarantee of future performance,
• Information, opinions contained in this report reflect a judgment of its original date of publication by BRS and are subject to
change without notice. The price, value of and income from any of the securities or financial instruments mentioned in this
report can fall as well as rise.
• This report is intended only for the use of the individual or entity named above and may contain information that is confiden-
tial and privileged. It is intended only for the perusal of the individual or entity to whom it is addressed and others who are
authorized to receive it. If you are not the intended recipient of this report, you are hereby on notice that any disclosure,
dissemination, distribution, copying or taking action relying on the contents of this information is strictly prohibited and ille-
gal.
• BRS is not liable for the accurate and complete transmission of neither the information contained herein nor any delay in its
receipt. If you have received this email in error, please notify us immediately by return email and please destroy the original
message