PPL Pakistan Petroleum Limited Analysis 20 March 2013
PPL Rebound Insight
Our preference: Long Positions above 170.46 with target at 175.78 and 177.49
Alternative Scenario: Downward penetration 170.46 will call for 167.23 and 165.55
NOTE: PPL have generated a downward triangle in last 3 weeks and have retested its lower boundaries, also it is pressed by moving averages towards 170.46. On mid term basis it can touch 177.49.
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