The stock is currently trading near its lower trendline support within a descending channel. A bullish divergence is observed between price action and the MACD histogram, indicating potential reversal momentum. If the price sustains above current levels and breaks the descending trendline, it may target PKR 27.10 initially and PKR 30.50 subsequently. However, a decline below PKR 22.50 would invalidate this bullish setup.
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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.