PPL Pakistan Petroleum Limited short term analysis 21st Jul. 2020

Further Advance

Our Pivot: 98.00

Our Preference: Start buying PPL from current price and average it out till 100.00 with strict stop loss of 98 and profit target at 104.00 and 106.

Alternate Scenario: Downward penetration of 98.00 will call for 96 and 94.60.

NOTE: PPL have succeeded in closing above its major resistant region of 98 Rs and now its going to target resistant trend line of its rising price channel.

Daily chart with supports & resistances: