PAEL Pak electron short term analysis 28th Dec. 2020

Further Advance

Our Pivot: 33.17

Our Preference: Start buying PAEL from 37.50 and average it out till 35.62 with strict stop loss of 33.17 and profit target at 41.10 with extension towards 42.50.

Alternate Scenario: Downward penetration of 33.17 will call for 30.50 and 29.70.

NOTE: PAEL is moving in a bullish price channel after breakout of its daily triangle in upward direction.

Chart with supports & resistances: