{"id":4843,"date":"2024-05-07T16:04:26","date_gmt":"2024-05-07T11:04:26","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=4843"},"modified":"2024-05-08T16:10:01","modified_gmt":"2024-05-08T11:10:01","slug":"pael-technical-analysis-breakout-on-high-volume","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/pael-technical-analysis-breakout-on-high-volume\/","title":{"rendered":"PAEL Breakout on high volume"},"content":{"rendered":"\n<p><a href=\"https:\/\/ksestocks.com\/blog\/tag\/pael\/\" target=\"_blank\" rel=\"noopener\" title=\"PAEL\">Pak Elektron Limited (PAEL)<\/a> has now confirmed its breakout after another day of high-volume gains. Let&#8217;s do <strong>PAEL technical analysis<\/strong> and see where the stock might be headed.<\/p>\n\n\n\n<p>The stock price formed a symmetrical triangle for some days but after breaking out of this pattern on high volume yesterday, it continued the same today.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"534\" src=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/pael-TA-may-2024-1024x534.png\" alt=\"\" class=\"wp-image-4848\" srcset=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/pael-TA-may-2024-1024x534.png 1024w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/pael-TA-may-2024-768x401.png 768w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/pael-TA-may-2024-640x334.png 640w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/pael-TA-may-2024-400x209.png 400w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/pael-TA-may-2024-367x191.png 367w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p>At the same time, it has also broken its previous high of Rs. 26.9. Today&#8217;s volume stood at a staggering 64.15 mn shares.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"701\" height=\"782\" src=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/pael-ta-may-2.png\" alt=\"\" class=\"wp-image-4849\" srcset=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/pael-ta-may-2.png 701w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/pael-ta-may-2-640x714.png 640w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/pael-ta-may-2-400x446.png 400w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/pael-ta-may-2-367x409.png 367w\" sizes=\"(max-width: 701px) 100vw, 701px\" \/><\/figure>\n<\/div>\n\n\n<p>Traders looking to trade the stock for its next leg up can wait for the stock to pull back below this resistance. If there is a breakout of this resistance again on decent volume, that will be a good point of entry for a day trade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pak Elektron Limited (PAEL) has now confirmed its breakout after another day of high-volume gains.<\/p>\n","protected":false},"author":6,"featured_media":4850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127],"tags":[157],"class_list":["post-4843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-pael"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/PAEL-technical-analysis-7-May-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/PAEL-technical-analysis-7-May-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/PAEL-technical-analysis-7-May-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/PAEL-technical-analysis-7-May.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/4843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=4843"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/4843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/4850"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=4843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=4843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=4843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}