PTL LONG TRADE (SECOND STRIKE)
After a severe downtrend till March 2023, PTL formed a huge inverted head and shoulder pattern, leading to a strong uptrend. The stock completed two impulse waves (Wave 1 and Wave 3) and then consolidated for a year (Dec 2023 - Dec 2024). Recently, it broke out of a corrective downward channel and formed a smaller inverted head and shoulder pattern, breaking out again.
Currently, it is i a pullback after the recent breakout, and is expected to continue its uptrend.
🚨 TECHNICAL BUY CALL – PTL🚨
- Buy 1: PKR 41 (current price)
- Buy 2: PKR 40.3
- Buy 3: PKR 39
- TP1: PKR 44.1
- TP2: PKR 46.9
- TP3: PKR 49.8
- TP4: PKR 52.2
- TP5: PKR 54
*Stop Loss:* Below PKR 34.4
*Risk-Reward Ratio:* 1:3.2
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
After a severe downtrend till March 2023, PTL formed a huge inverted head and shoulder pattern, leading to a strong uptrend. The stock completed two impulse waves (Wave 1 and Wave 3) and then consolidated for a year (Dec 2023 - Dec 2024). Recently, it broke out of a corrective downward channel and formed a smaller inverted head and shoulder pattern, breaking out again.
Currently, it is i a pullback after the recent breakout, and is expected to continue its uptrend.
🚨 TECHNICAL BUY CALL – PTL🚨
- Buy 1: PKR 41 (current price)
- Buy 2: PKR 40.3
- Buy 3: PKR 39
- TP1: PKR 44.1
- TP2: PKR 46.9
- TP3: PKR 49.8
- TP4: PKR 52.2
- TP5: PKR 54
*Stop Loss:* Below PKR 34.4
*Risk-Reward Ratio:* 1:3.2
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
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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.