Rebound Insight
Our Pivot: 49.80
Our Preference: Buy above 51.10 and average it out till 50.60 with strict stop loss of 49.80 and profit target at 54.60 and 56.80.
Alternate Scenario: Downward penetration of 49.80 would call for 48.60.
NOTE: PAEL have given breakout of a triangle on hourly chart so now its going to expand the said triangle..
Hourly chart with supports and resistances:
PAEL 24
Level | 1st | 2nd | 3rd | Supports | 50.94 | 50.09 | 49.35 | Resistances | 52.53 | 53.27 | 54.12 |
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