WAVES Singer Pakistan limited short term analysis 7th Dec. 2020

Further Advance

Our Pivot: 24.80

Our Preference: Start buying from current price and average it out till 26.45 with strict stop loss of 24.80 and profit target at 29.85 with extension towards 30.55.

Alternate Scenario: Downward penetration of 24.80 will call for 23.25 and 22.65.

NOTE: Waves have given bullish breakout of its descending wedge after completing 61.8% correction of its last bullish rally.

Daily chart with supports & resistances: