Rebound Insight
Our Pivot: 29.30
Our Preference: Start buying PAEL on breakout above 33 and average it out till 30.50 with strict stop loss of 29.30 and profit target at 35.00 with extension towards 36.40.
Alternate Scenario: Downward penetration of 2.30 will call for 26.40.
NOTE: PAEL is trying to give a bullish breakout of its daily triangle and confirmation of this breakout will call for expansion initially towards 36.40.
Chart with supports & resistances:
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