PAKISTAN STATE OIL CO LTD
Long
Updated

PSO | Flag Pattern

382
๐Ÿš€ Stock Alert: PSO

๐Ÿ“ˆ Investment View: Technically Bullish ๐Ÿ“ˆ

๐Ÿ” Quick Info:
๐Ÿ“ˆ Buying Range : 183-184
๐ŸŽฏ First Target : 192
๐ŸŽฏ Second Target : 205
๐ŸŽฏ Third Target : 218
โš  Stop Loss: 173
โณ Nature of Trade: Mid Term
๐Ÿ“‰ Risk Level: Medium
โ˜ช Shariah Compliant: YES
๐Ÿ’ฐ Dividend Paying: YES
๐Ÿ“ฐ Technical View: PSO displays a promising bullish pattern characterized by the formation of flag pattern. Our plan entails accumulating the stock within the designated buy zone (183-184 range), while setting stop loss orders below the bottom of flag at 173 to manage risk effectively. Anticipation builds for a substantial surge in momentum upon the completion of flag around the 192 area. To guide our trading decisions, we've delineated two more distinct targets: an intermediate target around 205 and a final target for exiting the trade will be around 218 which acts as a major resistance level.
Trade closed: stop reached

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