ATRL was in WYCKOFF Re-Accumulation Zone for six months APR-OCT 2024, giving breakout in OCT 2024 and plotted a high of 770, followed by corrective downward channel. Currently, it has completed all requisite events like TOB (test of breakout), reversal in the form of Inverted Head and Shoulders Pattern. Refinery will be one of sectors to perform exceptionally in pre-budget rally.
🚨 TECHNICAL BUY CALL –ATTOCK REFINERY LTD (PSX: ATRL) 🚨
🎯 BUY ZONE: Rs. 590-610
📈 TP 1: Rs. 680
📈 TP 2: Rs. 750
🛑 STOP LOSS: BELOW Rs 550 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3+
🚨 TECHNICAL BUY CALL –ATTOCK REFINERY LTD (PSX: ATRL) 🚨
🎯 BUY ZONE: Rs. 590-610
📈 TP 1: Rs. 680
📈 TP 2: Rs. 750
🛑 STOP LOSS: BELOW Rs 550 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3+
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.