PAEL PakPak Elektron Ltd Intraday Analysis 28 Sep. 2016

Further Advance

Our Pivot: 92.30

Our Preference: Buy PAEL above 92.90 with strict stop loss of 92.30 and profit target 94.20  and 94.60.

Alternate Scenario: Downward penetration of 92.30 will call for 90.60.

NOTE: PAEL have given breakout of its daily triangle and right now its moving forward for expansion of said triangle.

Hourly Chart with Supports and Resistances: