Under Pressure
Our Pivot: 92.00
Our Preference: Start short selling PPL below 89.93 and average it out till 90.40 with strict stop loss of 92.00 and profit target at 87.95 with extension towards 86.20.
Alternate Scenario: Upward penetration of 92.00 will call for 93.80 and 95.10.
NOTE: PPL have given bearish breakout of it's ascending wedge on hourly chart.
Chart with supports & resistances:
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