stock’s strong uptrend, trading within an ascending channel, and currently consolidating within a resistance zone.
The price is currently consolidating within a red resistance box, indicating that it is facing some selling pressure.A breakout above this zone could trigger another bullish rally
Immediate resistance: Around 12.20-13.50 PKR, where the stock is currently consolidating.
12.00-12.20 PKR, act as support for price retraces.
If the price successfully breaks out above 13.50 PKR, it may continue its uptrend toward the next resistance within the channel (15.75-16.25)
However, if it fails to break out, a short-term pullback to the lower trendline (around 12.00 PKR) could provide a better buying opportunity.
The price is currently consolidating within a red resistance box, indicating that it is facing some selling pressure.A breakout above this zone could trigger another bullish rally
Immediate resistance: Around 12.20-13.50 PKR, where the stock is currently consolidating.
12.00-12.20 PKR, act as support for price retraces.
If the price successfully breaks out above 13.50 PKR, it may continue its uptrend toward the next resistance within the channel (15.75-16.25)
However, if it fails to break out, a short-term pullback to the lower trendline (around 12.00 PKR) could provide a better buying opportunity.
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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.
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.