PAELAt the end of the trading session, PAEL closed at 24.23 and currently trading around 25. The daily chart show rejection over the last few sessions, and shows a recovering after the fake break out of the parallel channel. Moreover, the price exactly testing 200-day simple moving average and hovering above it. Which indicates a bullish reversal in its price. The RSI is around 45, below the neutral mark, but it shows no divergence from the price, indicating consistent momentum. The MACD being bearish and below its signal line. In the near term, the price seems to touch middle line of the parallel channel around 28 and in the long term the price can pull towards the upper level of the parallel channel around 32. It is recommended to use stop loss just below 200-day SMA at 22.50 to manage risk effectively.