WAVES Singer Pakistan limited short term analysis 21st Jan. 2021

Further Advance

Our Pivot: 26.90

Our Preference: Start buying WAVES from current price and average it out till 28.30 with strict stop loss of 26.90 and profit target at 33.80 with extension towards 36.60.

Alternate Scenario: Downward penetration of 26.90 will call for 24.00.

NOTE: WAVES is moving in a bullish price channel on weekly chart and going to give a bullish breakout of its triangle on daily chart.

Chart with supports & resistances: