PPL Pakistan Petroleum Ltd. short term analysis 13th Jul. 2020

Further Advance:

Our Pivot: 91.70

Our Preference: Start buying PPL from current price and average it out till 93.70 with strict stop loss of 91.70 and profit target at 98 with extension towards 100.60.

Alternate Scenario: Downward penetration of 91.70 will call for 90.60 and 87.80.

NOTE: PPL is expansion mode of its previous daily correction.

Daily chart with supports & resistances: