1. Symmetrical Triangle Breakout
Price has been consolidating since 2021 between roughly PKR 60–120 inside a converging triangle.
Current monthly candle, if breaks above the triangle’s upper trendline, it will be a bullish breakout signal.
2. Fibonacci Retracement & Extension
The full retracement from 162 (2021 high) to 34 (2023 low) is plotted.
Current price (~121) has surpassed the 0.618 retracement (113) — a key resistance level — turning it into support.
Next Fibonacci extension targets:
0.786 level (134.87) — minor resistance.
1.0 level (162.23) — Major resistance & previous high.
1.272 (197.01) — Next bullish target after breakout.
1.618 (241.25) — Extended target zone, coinciding with strong pivot resistance.
Pivot Levels (Monthly)
Pivot Level (PKR)
Pivot (P) 92.27 Previous breakout zone / strong base
R1 141.51 Short-term resistance / first target
R2 178.56 Mid-term target
R3 227.80 Long-term breakout extension target
R4 277.04 Extended bull run potential
Volume & Momentum
Noticeable volume surge in 2023–2025 suggests institutional accumulation.
RSI (not shown but inferred from price pattern) likely moving toward overbought but still healthy for a breakout continuation.
Technical Outlook
Short-term Bullish Breakout above triangle & 0.618 Fib with volume
Medium-term Bullish to Strong Next resistances at 141 → 162 → 178
Long-term Potential target zone: 220–240 Matches R3 & 1.618 Fib extension
Invalidation / Stop Level
If the price closes below PKR 92 (Pivot support) on monthly basis, it would invalidate the breakout and return to consolidation.
Summary
Breakout confirmation: if monthly candle closes above 120
Next technical targets:
T1: 141
T2: 162
T3: 197
T4 (Extended): 228–241
Support levels: 113, 92, and 64
Trend: Reversal to uptrend after 5-year downtrend.
Price has been consolidating since 2021 between roughly PKR 60–120 inside a converging triangle.
Current monthly candle, if breaks above the triangle’s upper trendline, it will be a bullish breakout signal.
2. Fibonacci Retracement & Extension
The full retracement from 162 (2021 high) to 34 (2023 low) is plotted.
Current price (~121) has surpassed the 0.618 retracement (113) — a key resistance level — turning it into support.
Next Fibonacci extension targets:
0.786 level (134.87) — minor resistance.
1.0 level (162.23) — Major resistance & previous high.
1.272 (197.01) — Next bullish target after breakout.
1.618 (241.25) — Extended target zone, coinciding with strong pivot resistance.
Pivot Levels (Monthly)
Pivot Level (PKR)
Pivot (P) 92.27 Previous breakout zone / strong base
R1 141.51 Short-term resistance / first target
R2 178.56 Mid-term target
R3 227.80 Long-term breakout extension target
R4 277.04 Extended bull run potential
Volume & Momentum
Noticeable volume surge in 2023–2025 suggests institutional accumulation.
RSI (not shown but inferred from price pattern) likely moving toward overbought but still healthy for a breakout continuation.
Technical Outlook
Short-term Bullish Breakout above triangle & 0.618 Fib with volume
Medium-term Bullish to Strong Next resistances at 141 → 162 → 178
Long-term Potential target zone: 220–240 Matches R3 & 1.618 Fib extension
Invalidation / Stop Level
If the price closes below PKR 92 (Pivot support) on monthly basis, it would invalidate the breakout and return to consolidation.
Summary
Breakout confirmation: if monthly candle closes above 120
Next technical targets:
T1: 141
T2: 162
T3: 197
T4 (Extended): 228–241
Support levels: 113, 92, and 64
Trend: Reversal to uptrend after 5-year downtrend.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.