The chart represents a Fibonacci retracement-based setup for a potential bullish continuation, provided key levels are respected.
Current Price: PKR 1,094.77
The price is hovering between the critical Fibonacci levels of 0.618 (PKR 1,178.21) and 0.786 (PKR 1,138.38).
If the stock closes two consecutive weekly candles above these Fib levels, the bullish bias will remain intact, signaling a continuation of the upward trend.
Trade Setup:
Buy Stop: Above PKR 1,178.21
Stop Loss: PKR 919.47 (below key support and Fib retracement zone)
Take Profit (TP): PKR 1,429.87, aligned with the 0-level from the previous swing high
RSI Indicator (14):
RSI is at 46.61, showing a neutral-to-weak bias with recent bearish divergence signals.
However, a break above resistance with volume may invalidate the bearish pressure.
Summary:
The chart suggests a conditional long setup. Traders should wait for confirmation through two weekly bullish closes above the 0.618–0.786 retracement zone. If confirmed, the path toward the 1,430 PKR target remains technically feasible, with a clearly defined stop loss to manage risk.
Current Price: PKR 1,094.77
The price is hovering between the critical Fibonacci levels of 0.618 (PKR 1,178.21) and 0.786 (PKR 1,138.38).
If the stock closes two consecutive weekly candles above these Fib levels, the bullish bias will remain intact, signaling a continuation of the upward trend.
Trade Setup:
Buy Stop: Above PKR 1,178.21
Stop Loss: PKR 919.47 (below key support and Fib retracement zone)
Take Profit (TP): PKR 1,429.87, aligned with the 0-level from the previous swing high
RSI Indicator (14):
RSI is at 46.61, showing a neutral-to-weak bias with recent bearish divergence signals.
However, a break above resistance with volume may invalidate the bearish pressure.
Summary:
The chart suggests a conditional long setup. Traders should wait for confirmation through two weekly bullish closes above the 0.618–0.786 retracement zone. If confirmed, the path toward the 1,430 PKR target remains technically feasible, with a clearly defined stop loss to manage risk.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。