PPL Pakistan Petroleum Limited Intraday Analysis 11th Feb. 2020

Rebound Insight

Our Pivot: 124.60

Our Preference: Start Buying PPL above 127.34 with strict stop loss of 124.60 and profit target at 131 and 133.20

Alternate Scenario: Downward penetration of 124.60 will call for 121 and 119.10.

NOTE: A strong horizontal supportive region along with a rising trend line would try to push PPL upward on intraday basis.

Daily Chart with Supports & Resistances: