Further Advance
Our Pivot: 58.00
Our Preference: Start buying PIOC from current price and average it out till 60.50 with strict stop loss of 58.00 and profit target at 64.30 & 65.80.
Alternate Scenario: Downward penetration of 58.00 will call for 56.80.
NOTE: PIOC have formatted a bullish engulfing pattern on daily chart after getting support from supportive trend line.
Daily chart with Supports & Resistances:
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