PAEL Pak electron short term analysis 7th Dec. 2020

Further Advance

Our Pivot: 32.65

Our Preference: Start buying from current price and average it out till 34.00 with strict stop loss of 32.65 and profit target at 37.40.

Alternate Scenario: Downward penetration of 32.65 will call for 30.30.

NOTE: PAEL have given breakout of daily triangle in upward direction.

Chart with supports & resistances: