Under Pressure
Our Pivot: 34.20
Our Preference: Short sell PAEL below 33 with strict stop loss of 34.20 and profit target at 29.85 with extension towards 28.80.
Alternate Scenario: Upward penetration of 34.20 will call for 36.00.
NOTE: PAEL is being capped by a strong resistant trend line.
Daily chart with Supports & Resistances:
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