PAEL Pak electron short term analysis 21st Jan. 2021

Further Advance

Our Pivot: 36.00

Our Preference: Start buying PAEL from current price and average it out till 37.80 with strict stop loss of 36.00 and profit target at 47.95 and 49.00.

Alternate Scenario: Downward penetration of 36.00 will call for 33.70.

NOTE: PAEL is moving in a bullish price channel on weekly chart and right now its heading towards resistant trend line of that channel after completion of its bullish correction.

Chart with supports & resistances: