Rebound Insight
Our Pivot: 37.00
Our Preference: Start buying PAEL from current price and average it out till 37.70 with strict stop loss of 37.00 and profit target at 39.75 with extension towards 40.60.
Alternate Scenario: Downward penetration of 37.00 will call for 36.00.
NOTE: PALE is trying to recover after completing its correction on hourly chart.
Hourly chart with supports & resistances:
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