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Pakistan Petroleum LimitedPakistan Petroleum LimitedPakistan Petroleum Limited

Pakistan Petroleum Limited

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PPL trade ideas

PPL Technical Analysis: Bullish Setup in PlayPPL (Pakistan Petroleum Limited) Price is moving within an ascending channel and currently sitting at the Fibonacci golden zone. It’s also trading above a strong support area that had previously acted as major resistance. The stop loss is placed below the recent higher low. Buy 2 is positioned near the confluence of horizontal support, channel support, and the rising trendline in case of a pullback. RSI is in sync, and price is trading above the 50 EMA — a level it has historically respected. It’s also holding above the golden cross, adding further strength to the bullish bias. The first target aligns with the recent resistance, which also sits around the all-time high. A strong close above that zone, supported by healthy volume, could open room for an extended move upward. Recommended Levels: Buy 1: 199.66 (CMP) Buy 2: 195.00 Stop Loss: Closing below 188.00 Take Profit 1: 210.00 Take Profit 2: 222.00 Take Profit 3: Ride the trend with a trailing stop Potential remains strong as long as price sustains above the horizontal support and rising trendline. Happy trading!
PSX:PPLLong
by TradeWithParas
PPL Technical AnalysisPPL Technical Analysis: PPL faced rejection at the 193 level on August 8th and has been trending downward since. The stock found initial support around 176 but is currently consolidating in the 178-183 range, showing limited buying strength. Key Levels to Watch: Primary Support Zone: 170-173 - This is the critical level where we expect the next major support test Secondary Support: 160-165 - If the primary support fails to hold, the stock could decline further to this range Trading Strategy: Wait for price action around the 170-173 support zone before taking any positions. Confirmation of support at this level is essential. A failure to sustain above 170-173 could trigger further downside movement toward 160-165. Technical Indicators: RSI currently at 53, with expectations of a decline to 48 where it may find support Overall momentum remains bearish until proven otherwise Risk Management: Monitor the 170-173 level closely for support confirmation. Any breakdown below this zone with volume would validate the bearish outlook toward lower targets.
PSX:PPL
by ABD_47
1
PPL PROBABLY IN WAVE '' C '' - LONGThis is in continuation to our ongoing tracking of PPL wave structure PPL is most probably in wave C of a Y or B wave which will target areas of 200 and further up 230 - 250 level. Our ideal buy zone is at 165 - 160, however looking at the market momentum we might not get to our buy zone and prices will rise directly. We will enter long positions once market breaks above 178 level (keep eye on the volume), although entering market at 178 will significantly effect our risk/reward ratio compared to entering at the buy zone of 165 - 160, either ways we will take long positions. Alternately, if the prices decline below 151.30 then this trade setup will get void, 151.25 can be used as stop loss. Trade setup: Entry price: 165 - 160 (Ideal) or 178 Stop loss: We are bullish on PPL long term therefore we will hold these positions Targets: T1: 198 - 200 T2: 230 - 250 Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:PPLLong
by KayJay
1
PPL PROBABLY IN WAVE '' A '' OR " B " - LONGThis is in continuation to our previous published idea in which we decided not to take buy positions due to developing geopolitical tensions which luckily was a wise decision. Now since the tensions have eased up and the bail out have been approved, the bullish scenarios have opened up again. PPL is most probably in wave C of an A or B wave which is about to get completed. Our preferred wave count suggest that we should get one more leg down towards 124-106 range marking the end of the downtrend. Alternately, if the prices start to rise and do not go below 128.56 and takes out 155, we will mark this C wave as completed. Trade setup: Entry price: 124-106 Stop loss: We are bullish on PPL long term therefore we will hold these positions Targets: will update later once price reach our buy zone Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:PPLLong
by KayJay
PPL PROBABLY IN WAVE '' A '' OR " B " - LONGPPL is most probably in wave C of an A or B wave which is almost completed or about to get completed. our preferred wave count suggest that we should get one more leg down towards 144-140 range which will touch the long term yellow trendline and prices should bounce from there, the other possibility is that price will not go below 147 and will keep on climbing toward 173-183 range or towards the blue trendline. Alternate wave count suggest that wave C might get extended and will keep on declining reaching our long term buy zone of 124 - 106 range. So this is how we will trade this setup: Scenario 1: If 147 is not taken out and prices keep on rising then we will not take any trade because our confirmation level is 164.11 and target is 173-183 which does not give us a good risk/reward ratio Scenario 2: If prices do decline below 147 and reach 144-140 level, we will buy a small portion at that level and will wait for a bounce from the yellow trendline, if prices unfolds as predicted then we will add more to our long positions using swing trade. However, if prices keep on declining towards our long term buy zone then we will add positions at 120-110 levels. PPL has strong fundamentals therefore we are quite comfortable holding it for long term. Trade setup: Entry price: 144-140 Stop loss: We are bullish on PPL long term therefore we will hold these positions Targets: 173-183 (Ideal is upper blue trendline) If our wave count is correct then we might make 20.97% or 25.87% of gross profit on this trade Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:PPLLong
by KayJay