Rebound Insight
Our Pivot: 28.50
Our Preference: Start buying from current price and average it out till 29.60 with strict stop loss of 28.50 and profit target at 32.50 with extension towards 33.60.
Alternate Scenario: Downward penetration of 28.50 will call for 27.30 and 25.60.
NOTE: PAEL is being supported by a rising trend line.
Chart with supports & resistances:
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