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
Declinazione di responsabilità
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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.