FABL has been striving to upgrade itself in to upper price bracket. Last successful attempt
was in September 2021. Since than it has been in the broader price range of Rs.20 and Rs.32. Now at current price level the momentum is good which is coinciding with a bull rally at PSX and it is also on the verge to breach the Triangle which it started forming from the last week of June. If the triangle is successfully crossed, the target for the script shall be Rs.33 which means the all time high. Therefore, it is expected it may explore new peaks "beyond the last mountain". Another feather in the cap is this has become the ISLAMIC bank which has its own perks and privileges in the arena of banking industry of Pakistan
So be prepared for the new vistas.
Profitable trading is Happy Trading
was in September 2021. Since than it has been in the broader price range of Rs.20 and Rs.32. Now at current price level the momentum is good which is coinciding with a bull rally at PSX and it is also on the verge to breach the Triangle which it started forming from the last week of June. If the triangle is successfully crossed, the target for the script shall be Rs.33 which means the all time high. Therefore, it is expected it may explore new peaks "beyond the last mountain". Another feather in the cap is this has become the ISLAMIC bank which has its own perks and privileges in the arena of banking industry of Pakistan
So be prepared for the new vistas.
Profitable trading is Happy Trading
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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.