PPL Pakistan Petroleum Limited short term analysis 12 Aug. 2020

Further Advance

Our Pivot: 100.00

Our Preference: Start buying PPL from current price and average it out till 102.45 with strict stop loss of 100 and profit target at 107.00 and 108.

Alternate Scenario: Downward penetration of 100.00 will call for 97.60 and 94.50.

NOTE: PPL have succeeded in closing above its major resistant region of 102 Rs and now its going to target resistant trend line of its rising price channel.

Daily chart with supports & resistances: