"PPL" Pakistan Petroleum Analysis 07 March 2013

ppl7PPL Intraday Bullish Baise above 177.67 (for upcoming days) Our Prefrence (Intraday): Buy PPL as long as 177.67 is sustained as support with target at 180.25 and 180.95 Alternative Scenario (Intraday): Downward breakage of 177.67 will call for 176.95 NOTE (Intraday): PPL is bullish after completing its bearish half moon fomation, and is heading towards 180.95 on intraday basis as on 176.92 it will complete its 61% correction and will move back to retest its upperbands. PPL Mid Term Bullish Baise Above 176.92 Our Prefrence (Mid Term): Buy PPL as long as 176.92 is sustained as support with taget at 181.45 and 184.10 with extention twards 185.27. Alternative Scenario (MId Term): Downward breakage of 176.09 will call for 174.63 and 170. NOTE (Mid Term): On Mid Term bases PPL is moving in a slightly upward channel and have came back to take a correction which was expected when prices moved above 184.13, For Best Buy Slow moving investors can wait for 174.63 for a some longer period but as long as 176.92 is sustained profit taking can be initiated on intraday bases by day traders. It will be pretty price cycle for intraday traders to have maximum chance every day. PPL

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John Doe

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Diana Doe

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Melissa Doe

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Peter Doe

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