PAEL Pak electron short term analysis 21st Sep. 2020

Rebound Insight

Our Pivot: 37.00

Our Preference: Start buying PAEL from current price and average it out till 37.70 with strict stop loss of 37.00 and profit target at 39.75 with extension towards 40.60.

Alternate Scenario: Downward penetration of 37.00 will call for 36.00.

NOTE: PALE is trying to recover after completing its correction on hourly chart.

Hourly chart with supports & resistances: