Downside Prevails
Our Pivot: 90.50
Our Preference: Start short selling PPL from current price and average it out till 89.30 with strict stop loss of 90.50 and profit target at 85.00 and 83.50.
Alternate Scenario: Upward penetration of 91.00 will call for 93.50 and 96.
NOTE: PPL is being capped by two strong horizontal resistant regions and after completing its intraday correction its moving downward.
Hourly chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.