Further Advance
Our Pivot: 39.60
Our Preference: Buy above 43.80 with strict stop loss of 39.60 and profit target at 54.60 and 59.80.
Alternate Scenario: Downward penetration of 39.60 would call for 34.40.
NOTE: PAEL is being supported by two supportive lines on weekly chart along with a horizontal supportive region. Weekly stochastic is ready for a bullish crossover.
Weekly chart with supports and resistances:
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