Further Advance
Our Pivot: 36.00
Our Preference: Start buying PAEL from current price and average it out till 37.80 with strict stop loss of 36.00 and profit target at 47.95 and 49.00.
Alternate Scenario: Downward penetration of 36.00 will call for 33.70.
NOTE: PAEL is moving in a bullish price channel on weekly chart and right now its heading towards resistant trend line of that channel after completion of its bullish correction.
Chart with supports & resistances:
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