PAEL Pak electron short term analysis 28th Oct. 2020

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Downside Prevails

Our Pivot: 36.50

Our Preference: Start short selling PAEL below 35.00 and average it out till 35.60 with strict stop loss of 36.50 and profit target at 33.50 with extension towards 32.70.

Alternate Scenario: Upward penetration of 36.50 will call for 37.50 and 38.30.

NOTE: PAEL have given breakout of its rising wedge in downward direction.

Hourly chart with supports & 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

30.38

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports29.5128.6427.11
Resistances31.9133.4434.31
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

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