Patel Integrated Logistics

Patel Integrated faced resistance at the 40-month average at 27.50, it will have to overcome that in the future. The current wave structure after today's move is wave 2 of 3 down which can retrace up to 78.6% of wave 1 near 17.70. Prices are already at the 40-week average and 61.8% retracement near 20, which is the first support.