PSL : All boats rise when the sea is full of bulls

PSL’s week chart is of some interest, even though the best buying opportunity shown by a text book morning doji star late June, PSL looks as if it will hit 20 imminently, with the next target around 20.50-20.70. Further resistance, quite an important one is at 21.20, with a break here likely to see an impressive if short lived ramp.

Should PSL and maybe others in the sector see a stronger surge of consistent buying power due to their relative laggard status we can’t rule out a rally to nearer 25 for PSL, ditto or possibly higher by a tad for TTA.

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