Rebound Insight
Our Pivot: 93.20
Our Preference: Start buying PPL above 96.8 and average it out till 94.80 with strict stop loss of 93.20 and profit target at 102.00 with extension towards 104.20.
Alternate Scenario: Downward penetration of 93.20 will call for 91.60 and 90.50 with extension towards 89.40.
NOTE: PPL have completed its bullish correction inside a descending wedge.
Chart with supports & resistances:
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