Descon Oxychem (DOL) – Bullish Continuation Toward 40+Descon Oxychem (DOL) has broken out of a long consolidation range and is now moving within an ascending channel on the weekly timeframe.
After a healthy pullback toward the 30 PKR zone, price seems to be forming a higher low — suggesting potential continuation toward the upper boundary of the channel near 43–45 PKR.
Key Highlights:
Strong breakout from multi-month accumulation range (18–26 PKR).
Currently respecting the lower trendline of the ascending channel.
Volume supported the initial breakout, indicating institutional interest.
As long as DOL holds above 29–30 PKR, the uptrend remains intact.
Targets:
🎯 TP1: 36.5 PKR
🎯 TP2: 43.9 PKR
Invalidation:
❌ Weekly close below 28.5 PKR
Outlook:
Bias remains bullish — expecting continuation toward the 40+ zone in the coming weeks if momentum sustains.
Descon Oxychem Limited
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Trade ideas
DOL LONG TRADE 03/07/2025DOL – LONG TRADE | 3 JULY 2025
DOL has moved through multiple trading ranges (highlighted with different colors) and has now completed its accumulation phase. Following a breakout from this zone, the stock has displayed solid momentum by achieving prior targets. The current technical structure indicates a high-probability investment setup, with potential for continued upside over the coming weeks.
DOLA bullish flag is a technical analysis pattern that indicates the continuation of an existing uptrend in a financial asset. It is named for its resemblance to a flag on a pole, where the "pole" is a sharp price increase and the "flag" is a period of consolidation or slight retracement that follows.
Characteristics of a Bullish Flag:
Flagpole:
A significant and rapid price increase leading up to the flag.
Indicates strong bullish momentum.
Flag:
A period of consolidation or slight downward retracement.
Typically takes the shape of a rectangle or parallelogram that slopes against the prevailing trend (downwards in this case).
Volume tends to decrease during the formation of the flag.
Breakout:
Occurs when the price breaks out above the upper boundary of the flag.
Confirmation of the pattern and often accompanied by a spike in volume.
Interpretation:
Continuation Pattern: The bullish flag suggests that after a brief consolidation, the price is likely to continue moving in the direction of the previous trend (upward).
Price Target: The potential price target after the breakout can be estimated by adding the length of the flagpole to the breakout point.
DOL | PSX | Breakout is imminentDOL, chemical sector item is looking for breakout from its range of 4 month consolidation
- Support being tested multiple times at 21.3
- 4 month of consolidation of price from 19.5 to 21.3
- An upside potential till 24.2 is open for short term
- Increasing vol suggests breakout is on cards








