This chart for Treet Battery Limited (TBL) shows a potential bullish reversal after a downtrend:
-Bullish Candlestick Pattern: A Doji followed by a Bullish Engulfing indicates a possible upward reversal.
-Support at PKR 16.00: Price is holding this level.
-Resistance Levels: Key resistances at PKR 18.70 and PKR 19.71.
-RSI Divergence: A bullish divergence with RSI at 33.73 (near oversold), signaling potential upward momentum.
If the support holds, the stock may move toward the PKR 18.70–19.71 resistance zone.
-Bullish Candlestick Pattern: A Doji followed by a Bullish Engulfing indicates a possible upward reversal.
-Support at PKR 16.00: Price is holding this level.
-Resistance Levels: Key resistances at PKR 18.70 and PKR 19.71.
-RSI Divergence: A bullish divergence with RSI at 33.73 (near oversold), signaling potential upward momentum.
If the support holds, the stock may move toward the PKR 18.70–19.71 resistance zone.
Trade closed: stop reached
Stop Hunt
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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.