Bullish Bias above 48
Our Pivot: 48
Our Preference: Buy PAEL above 52 with strict stop loss of 48 and profit targets at 56 and 62.
Alternate Scenario: Downward penetration of 48 will call for 44.50.
TECH NOTE: PAEL is moving towards expansion level of last bullish correction where it's being capped by horizontal resistant region along with an ascending trend line.





