PAEL Pak electron short term analysis 25th Nov. 2020

Rebound Insight

Our Pivot: 28.50

Our Preference: Start buying from current price and average it out till 29.60 with strict stop loss of 28.50 and profit target at 32.50 with extension towards 33.60.

Alternate Scenario: Downward penetration of 28.50 will call for 27.30 and 25.60.

NOTE: PAEL is being supported by a rising trend line.

Chart with supports & resistances: