PSO Pak state oil short term analysis 2nd Jul. 2020

Further Advance

Our Pivot: 155.50

Our Preference: Start buying PSO between 160-161 and average it out till 159 with strict stop loss of 155.50 and profit target at 166.70 with extension towards 170.

Alternate Scenario: Downward penetration of 155.50 will call for 152 & 149.

NOTE: PSO is moving upward after completing its daily correction and now initial target would be 167.

Daily Chart with supports & resistances: