PAEL Pak Electron Short Term Analysis 5 Jan. 2018

Rebound Insight

Our Pivot: 49.80

Our Preference: Buy above 51.10 and average it out till 50.60 with strict stop loss of 49.80 and profit target at 54.60 and 56.80.

Alternate Scenario: Downward penetration of 49.80 would call for 48.60.

NOTE: PAEL have given breakout of a triangle on hourly chart so now its going to expand the said triangle..

Hourly chart with supports and resistances: