Shams Textile Mills Ltd. (STML) — PSXAsset: Shams Textile Mills Ltd. (STML) — PSX
Timeframe Context: Monthly direction is bullish, showing strong reversal signs after accumulation and a clear shift in market structure.
Buy Plan
Shams Textile Mills has confirmed a bullish shift after breaking structure above the previous consolidation range. The monthly chart shows a clean breaker block that acted as resistance earlier and is now turning into a potential support zone.
I’ll wait for price to revisit the buying zone, which sits between the blue and red areas — the breaker block and the extreme order block. This is the ideal area where smart money may look to accumulate more positions before another impulsive leg higher.
Once price taps this zone, I’ll move to the lower timeframe to confirm direction. I’ll look for a bullish dealing range, formation of a bullish fair value gap, or a clear break in structure that shows buyers stepping in.
If lower timeframe confirmation aligns, I’ll take the entry and manage the position toward the higher timeframe target near the 59.24 level. If price dips deeper into the extreme order block, I’ll add more within risk limits.
If no confirm
