Rebound Insight
Our Pivot: 88.00
Our Preference: Start buying PPL from current price and average it out till 89.70 with strict stop loss of 88.00 and profit target at 92 with extension towards 93.80.
Alternate Scenario: Downward penetration of 88.00 will call for 85.60.
NOTE: PPL is moving inside a descending wedge on hourly chart and its getting support from supportive trend line of said wedge along with a strong horizontal supportive region.
Chart with supports & resistances:
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