PAEL Pak Electron Ltd Intraday Analysis 2nd June 2020

Further Advance

Our Pivot: 23.80

Our Preference: Start buying PAEL from current price and average it out till 24.00 with strict stop loss of 23.80 and profit target at 25.00 with extension towards 25.80.

Alternate Scenario: Downward penetration of 23.80 will call for 23.00 & 22.60.

NOTE: PAEL have given a breakout of its daily triangle in upward direction and right now its moving towards expansion of said triangle

Daily chart with supports and Resistances: