Turning Down
Our Pivot: 43.65
Our Preference: Short sell PAEL below 42.00 with strict stop loss of 43.65 and profit target at 40.45 with extension towards 39.50.
Alternate Scenario: Upward penetration of 43.65 will call for 44.30 and 45.60.
NOTE: PAEL is moving downward after facing rejection from resistant trend line of its ascending wedge.
Chart with supports & resistances:
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