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.
