PSO Pakistan State Oil Short Term Analysis 12 Feb. 2019

Rebound Insight

Our Pivot: 224

Our Preference:  Buy PSO above 230 and average it out till 227 with strict stop loss of 224 and profit target at 238 and 242 Rs.

Alternate Scenario: Downward penetration of 224 would call for 218 and 214.

NOTE: PSO is being supported by a rising trend line along with a horizontal support.

Chart with Supports and Resistances: