Under Pressure
Our Pivot: 93.35
Our Preference: Short sell PPL below 90.30 and average it out till 91.50 with strict stop loss of 93.35 and profit target at 87.70 with extension towards 85.50.
Alternate Scenario: Upward penetration of 93.35 will call for 97.60.
NOTE: PPL have given breakout of its rising wedge in downward direction.
Hourly chart with supports & resistances:
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