PAEL Pak Electron Limited short term analysis 7th Jul. 2020

Further Advance

Our Pivot: 25.50

Our Preference: Start buying PAEL from current price and average it out til 25.80 will strict stop loss of 25.50 and profit target at 27.15 with extension towards 28.00.

Alternate Scenario: Downward penetration of 25.50 will call for 24.50 and 24.00.

NOTE: PAEL is in expansion mode of its previous daily triangle.

Daily Chart with supports & resistances: