PIBTL Technical Analysis - Key PointsPattern
Symmetrical Triangle forming since October 2025
Upper resistance: ~17.00-17.50 PKR
Lower support: ~14.50-15.00 PKR
Apex approaching - breakout imminent
Current Status
Price: 15.43 PKR (-0.19%)
Recent spike to 20.00 PKR suggests upside breakout attempt
Volume increasing on the move up (bullish sign)
Key Levels
Resistance: 16.50, 17.50, 20.00
Support: 15.00, 14.50, 13.50
Breakout Targets
Bullish: 20.00 PKR (measured move already hit)
Extended: 22.00-24.00 PKR possible
Bearish: 10.50-12.00 PKR if breaks below 14.50
Trading Strategy
Aggressive Entry: Above 16.50 with volume
Conservative Entry: Above 17.50, or retest of 16.50 as support
Stop Loss: Below 14.50-14.80
Probability
60% chance of upside breakout (recent spike suggests bulls in control)
40% chance of failure/breakdown
Bottom Line
Triangle pattern at decision point. Recent breakout attempt toward 20.00 is bullish, but needs confirmation with sustained closes above 16.50-17.00 and strong volume. Watch next 2-5 sessions closely.
⚠️ Wait for confirmation before entering - false breakouts are common
