mbaberhanif

DFML | Up Trend

Long
mbaberhanif Updated   
PSX_DLY:DFML   DEWAN FAROOQUE MOTORS LTD
DFML is currently exhibiting a bullish trend as observed on a weekly time frame. Should it sustain its position above 36, there is a potential for further upward movement, with potential resistance levels at 42 and subsequently 49.60.
Comment:
Double top formation is going to form at 36, some rejection can be seen from this level. The price needs to break and sustain above this level for more upside levels.
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