PSO Pak State Oil Intraday Analysis 13th May 2020

Further Advance

Our Pivot: 154

Our Preference: Start buying PSO from current price and average it out till 157 with strict stop loss of 154 and profit target at 164 and 165.

Alternate Scenario: Downward penetration of 154 will call for 149.

NOTE: PSO is moving in a rising price channel and its try to find support above a horizontal supportive region.

Hourly Chart with Supports & Resistances: