PPL Pakistan Petroleum Limited short term analysis 27th Oct. 2020

• 2020-10-27 08:53:38
• 28 Comments
• 50 Views
• psx-analysis
• Maier Noor

Downside Prevails

Our Pivot: 90.50

Our Preference: Start short selling PPL from current price and average it out till 89.30 with strict stop loss of 90.50 and profit target at 85.00 and 83.50.

Alternate Scenario: Upward penetration of 91.00 will call for 93.50 and 96.

NOTE: PPL is being capped by two strong horizontal resistant regions and after completing its intraday correction its moving downward. 

Hourly chart with supports & resistances:

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