PIOC Pioneer Cement Short term analysis 8th Jun. 2020

Further Advance

Our Pivot: 58.00

Our Preference: Start buying PIOC from current price and average it out till 60.50 with strict stop loss of 58.00 and profit target at 64.30 & 65.80.

Alternate Scenario: Downward penetration of 58.00 will call for 56.80.

NOTE: PIOC have formatted a bullish engulfing pattern on daily chart after getting support from supportive trend line.

Daily chart with Supports & Resistances: