PPL Pakistan Petroleum Limited short term analysis 12th Jan. 2021

Rebound Insight

Our Pivot: 93.20

Our Preference: Start buying PPL above 96.8 and average it out till 94.80 with strict stop loss of 93.20 and profit target at 102.00 with extension towards 104.20.

Alternate Scenario: Downward penetration of 93.20 will call for 91.60 and 90.50 with extension towards 89.40.

NOTE: PPL have completed its bullish correction inside a descending wedge.

Chart with supports & resistances: