28 - 29 is an Important Resistance for now.
Crossing & Sustaining 30 would lead it towards 34
initially
On the flip side, 26 - 26.30 can be a Good Support level
PRL displays a promising bullish pattern characterized by the break out from its trend line and establishing Cup & Handle pattern. Our plan entails accumulating the stock within the designated buy zone (27-28 range), while setting stop loss orders below 26. To guide our trading decisions, we've delineated two distinct targets: an immediate target around 32 upon...
📉 Market Analysis 📊
PRL Analysis:
Current Situation:
PRL is expected to fall after reaching 30.8 and retrace to form a higher low (HL).
RSI is below 70 on the daily chart.
Bollinger Bands are contracting on the weekly chart, indicating a potential reversal.
Trade Recommendation:
Action: Sell at current rates until 30.8.
Strategy: Look for opportunities to...
The PRL (PSX) chart exhibits a promising sign of a trend reversal from bearish to bullish. This indication stems from the price action breaching the prior swing high, a resistance level that previously capped upward price movements.
🚀 Stock Alert: PRL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 First Entry : 26.50
🎯 First Target : 27.50
🎯 Second Target : 28.15
⚠ Stop Loss: 25.70
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: The price action is in uptrend after bullish divergence is observed with...
Analyzing the current chart, we observe the formation of a Bullish Dragon pattern. The head is observed on the left side with the formation of both the foots and a breakout occurs for the formation of its tail. Traders often calculate the price target by measuring the distance from the head to the foot and projecting that downward from the breakout point.
🚀 Stock...
Double Bottom formation around 27
Bullish on Weekly TF
Buy around 27.50 - 28.50
Sell around 30 - 31
Stoploss 26.70 (closing basis)
If 31.50 is crossed, we may witness 33
PRL at its resistance levels any up or downside defining new destination for price orange horizontal line is very important however upon retest. target price and support explained
It seems like PRL is going to enter a short term retracement as it faced rejection at a key level of 21.99. If volume falls further, expected retracement is at level of 17.79 (about 50% retracement from a key move upward. It may go a bit downward to 60% retracement of its initial move, but nothing to worry. It may be a good point to buy again.
As elections has...
PRL has encountered rejection after testing the resistance level at 16. If this level fails to break, there is a likelihood that the price may test the 200 EMA (Exponential Moving Average) at approximately 15.
PRL surpasses the 200-day MA, indicating ongoing bullish momentum. First resistance at 15.35, potential for 16.15 if it's breached and sustained. Initial support at 14.15, followed by 13.4 as the secondary support level.
