PAEL Pak Electron Short Term Analysis 26th Oct. 2018

Turning Down

Our Pivot: 34.40

Our Preference: Start short selling PAEL below 31.60 and average it out till 32.30 with strict stop loss of 34.40 and profit target at 24.96 with extension towards 21.80.

Alternate Scenario: Breakout of 34.40 on daily chart will call for 37.10 and 39.

NOTE: PAEL is capped by two major resistances at 31.60 and its daily 50% correction of its latest bearish rally is being completed at 32.30. Daily stochastic is ready for a pull back in bearish direction.

Daily Chart with Supports and Resistances:

PAEL 24

Overview

Quick Snapshot

Free Float

248,840,743

O/S Shares

497,681,485

Market Cap. (m)

0.00

Var Value

14.50

Hair Cut

17.50

Last Price

51.78

Price Adjusted

52 Weeks Range

52w Low

52w High

Intraday

Pivots

Level	1st	2nd	3rd
Supports	50.94	50.09	49.35
Resistances	52.53	53.27	54.12

Adjusted

Price Performance

Time Frame

Price Ch

%Ch

MTD Price Return

1.86

11.27

QTD Price Return

1.86

11.27

3M Price Return

-0.45

-2.39

6M Price Return

-5.03

-21.50

9M Price Return

-11.90

-39.33

YTD Price Return

-1.36

-6.90

1Y Price Return

-11.99

-39.51

3Y Price Return

-1.30

-6.61

5Y Price Return

-60.36

-76.68