Bullish Breakout in PAEL: Buy on Dip for Short-Term Gains

PAEL on the 15-minute timeframe shows a bullish setup with a recent breakout above the 20 EMA and 200 EMA, supported by a noticeable increase in volume—indicating strong buying interest. The current price is around PKR 44.70, and a "buy on dip" strategy is recommended within the 44.00–44.20 range. This setup offers a favorable risk-to-reward ratio, with a stop-loss placed at PkR42.70 and three take-profit targets at PkR 45.47, 46.40, and 47.40. The price has rebounded strongly from the recent low of 42.80, forming a potential trend reversal. Traders should monitor the 44.00 support zone closely, as a sustained hold above it could confirm the continuation toward higher targets.