PPL Pakistan Petroleum Ltd. Short Term Analysis 23rd June. 2020

Further Advance

Our Pivot: 87.70

Our Preference: Start buying PPL from current price and average with strict stop loss of 87.70 and profit target at 93.65 with extension towards 95.50.

Alternate Scenario: Downward penetration of 87.70 will call for 85.00

NOTE: PPL is bouncing back after getting support from a horizontal supportive region.

Hourly Chart with Supports & Resistances: