Further Advance
Our Pivot: 33.17
Our Preference: Start buying PAEL from 37.50 and average it out till 35.62 with strict stop loss of 33.17 and profit target at 41.10 with extension towards 42.50.
Alternate Scenario: Downward penetration of 33.17 will call for 30.50 and 29.70.
NOTE: PAEL is moving in a bullish price channel after breakout of its daily triangle in upward direction.
Chart with supports & resistances:
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