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Panther Tyres Limited

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PTL trade ideas

Eyeing breakout levelThe price action has formed a bullish flag pattern (Weekly), with the current levels reaching a critical Fibonacci retracement zone. After a sideways trend within the flag, I'm eyeing a potential breakout . A confirmed break of the flag pattern could lead to a continuation move, targeting the clone area of the rectangle box in shortTerm & clone area of a flag pol in medium to longTerm, indicating further upside potential. The pattern may also resemble a triangle formation for the short term, which reinforces the likelihood of an upcoming bullish breakout. I also mentioned my 2nd chunk of buy if it breaks down & reach the level of . Note: I know, I'm not good in drawing :-D Anyhow, I'm still learning, so if you have any suggestions for improvements, Please let me know, I’d appreciate your feedback. Thank you! #PTL #GTYR
PSX:PTL
by PSX_Learner
PTL - Inverse Head & Shoulders in Accumulation TG: 68.00 - 92.00PTL - Inverse Head & Shoulders in Accumulation Zone PTL is forming an inverse Head & Shoulders pattern within an accumulation zone, currently at the right shoulder, accompanied by a Three Outside Up candlestick formation. This suggests a potential upward move in the days ahead. A successful break above the initial resistance at 46.60 will lead to a test of the neckline breakout point at 50.00 - 52.00 levels. A breakout above these levels will confirm the resumption of the bullish trend, targeting the 50% level at 68.00, followed by 92.00 in the short to medium term. Indicators also support this bullish bias. Consider buying and accumulating within the 37.00 - 40.00 range, with a stop-loss defined below 36.00.
PSX:PTLLong
by tradeflowadvisors
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