This is the daily chart of PAEL. The script has made a high of 34.39 on 05/09/14 and right now the price of the script stands at 26.41 which is a difference of 7.98 rupees. it has broken the support of rising wedge, current correction on fibonacci recognition stands at -111%, RSI of 32.21, volatility of -18.74, momentum of -4.05, MFI 11.53. The last support from the last bull run stands at 26 which if broken will lead to the support levels of 24 to 24.40.
No one can predict when will it take a bottom and start to resume its bullish run again because in trading you will never know the bottom price of a script, but an investor would buy this script right now because he/she will know the potential of this script in long term.
All the technical indicators suggests right now to jump in this script when everyone is selling this script in panic, which means a risk to the buyer, but high risk means high return and only those will win who will take high risk in it.
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