Further Advance
Our Pivot: 58.00
Our Preference: Start buying PIOC from current price and average it out till 60.50 with strict stop loss of 58.00 and profit target at 64.30 & 65.80.
Alternate Scenario: Downward penetration of 58.00 will call for 56.80.
NOTE: PIOC have formatted a bullish engulfing pattern on daily chart after getting support from supportive trend line.
Daily chart with Supports & Resistances:
PIOC 3
Level | 1st | 2nd | 3rd | Supports | 59.05 | 56.67 | 54.95 | Resistances | 63.15 | 64.87 | 67.25 |
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