PPL is a prominent Pakistani company engaged in Oil and Gas sector.
Last year in similar days it hit the lowest low from there it has been gaining the momentum and price hike. A few days back it hit the high of 87 afterwards it came down to the region of 80s, all these movements has formed the flag which is the continuation pattern so we expect the price to go further up.
The current trend line which has been limiting the price movement upward has been crossed once. We expect next time it shall be crossed successfully. If it happens the targets has been marked on the chart.
Blue line target is for our short term traders
The other targets are for swing traders.
Last year in similar days it hit the lowest low from there it has been gaining the momentum and price hike. A few days back it hit the high of 87 afterwards it came down to the region of 80s, all these movements has formed the flag which is the continuation pattern so we expect the price to go further up.
The current trend line which has been limiting the price movement upward has been crossed once. We expect next time it shall be crossed successfully. If it happens the targets has been marked on the chart.
Blue line target is for our short term traders
The other targets are for swing traders.