PAEL on the 15-minute timeframe shows a bullish setup with a recent breakout above the 20 EMA and 200 EMA, supported by a noticeable increase in volume—indicating strong buying interest. The current price is around PKR 44.70, and a "buy on dip" strategy is recommended within the 44.00–44.20 range. This setup offers a favorable risk-to-reward ratio, with a stop-loss placed at PkR42.70 and three take-profit targets at PkR 45.47, 46.40, and 47.40. The price has rebounded strongly from the recent low of 42.80, forming a potential trend reversal. Traders should monitor the 44.00 support zone closely, as a sustained hold above it could confirm the continuation toward higher targets.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.