PPL Pakistan Petroleum Ltd. 16th Jul. 2020

Further Advance

Our Pivot: 93.00

Our Preference: Start buying PPL above 96.50 and average it out till 94.40 with strict stop loss of 93.00 and profit target at 103.

Alternate Scenario: Downward penetration of 93.00 will call for 90.60 and 89.00.

NOTE: PPL is moving in a rising trend channel on daily chart and its in expansion mode of its daily correction.

Daily chart with Supports & Resistances: