PAELBuy1 around 19.50 - 19.90 | Sell around 22 - 22.30
Buy2 around 17.80 - 17.90 | Sell around 19 - 19.50
Stoploss 15.50 (Closing basis)
PAEL trade ideas
PAEL-PSX in Bullish trendStock is having strong bullish divergence and move up significantly after that making HH and HL as per DOW theory.
PSX: PAEL Bulls are taking controlAfter posting hefty gains the script has been sideways or retracement. On last working day the security closed above the recent trend line, which was limiting its movement. Simultaneously the RSI has also shown a positive sign by closing above its Moving Average.
So risk takers can buy immediately whereas those who prefer cautious approach can buy when the price crossover 24.26.
For a longer term buyers close above 26.60 shall be a wise decision with the TP of 36.72
PAEL - KSE100 - wait for support zone.PAEL rejected from weekly resistance zone, wait for support zone to buy it. i highlighted 2 potential support zone in chart. 1st it might take support from Fib golden pocket, 2nd option it might take support from daily support zone.
PAEL is BullishAccording to Dow theory, PAEL is in trending phase and printing higher highs and higher lows, it is expected that the rally would continue further. Targets are mentioned on the chart.
PSX: PAEL LONG CALLAfter having a significant downturn the PAEL is Bottoming out. Currently it is printing higher high. Therefore, this shall be a great level to take position in the script.
