A rising wedge or ascending channel is forming.
A descending channel target is marked at 25.80 PKR in case of a breakdown.
Key Price Levels & Trade Strategy:
Safe Buying Zone: Above 39 PKR if sustained.
Take Profit (TP) Levels:
First TP: 44.40 PKR
Second TP: 48.25 PKR
Long-term TP: 50 PKR (if a bullish divergence forms and price breaks upward).
Relative Strength Index (RSI): Displayed below the price chart.
RSI appears to be declining after a peak, which could indicate a potential pullback or consolidation.
Interpretation:
Bullish Scenario: If the stock sustains above 39 PKR, it could rally toward 44.40 PKR and 48.25
Bearish Scenario: If it fails to sustain and breaks below support, it could drop towards 25.80
A descending channel target is marked at 25.80 PKR in case of a breakdown.
Key Price Levels & Trade Strategy:
Safe Buying Zone: Above 39 PKR if sustained.
Take Profit (TP) Levels:
First TP: 44.40 PKR
Second TP: 48.25 PKR
Long-term TP: 50 PKR (if a bullish divergence forms and price breaks upward).
Relative Strength Index (RSI): Displayed below the price chart.
RSI appears to be declining after a peak, which could indicate a potential pullback or consolidation.
Interpretation:
Bullish Scenario: If the stock sustains above 39 PKR, it could rally toward 44.40 PKR and 48.25
Bearish Scenario: If it fails to sustain and breaks below support, it could drop towards 25.80
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.