Further Advance
Our Pivot: 68.02
Our Preference: Start buying PAEL from current price and average it out till 69.70 with strict stop loss of 68.02 and targets at 73.71 and 75.08.
Alternate Scenario: Downward penetration of 68.02 will call for 67.02 and 65.05.
NOTE: PAEL is getting support from supportive trend line of its bullish trend channel along with a horizontal supportive region. Weekly Stochastic have generated a crossover and right now its ready for a short term pull back.
Recommendations:
Start buying from current price and average it out till 69.70 with target at 73.71.
Weekly Chart with Supports and Resistances:
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