significant increase in volume is observed indicates accumulation by institutions or major market participants.
While Net volume remains negative (-8.06M), suggesting some selling pressure at higher levels.
Trading Strategy:
Short-Term Strategy
Buy on pullback when price retraces to 7.0 - 7.2 PKR, its a better risk-reward entry for Profit target: 8.7 - 9.0 PKR
Keeps Eyes on bearish divergence in volume —if price rises but volume declines, a correction may follow.
While Net volume remains negative (-8.06M), suggesting some selling pressure at higher levels.
Trading Strategy:
Short-Term Strategy
Buy on pullback when price retraces to 7.0 - 7.2 PKR, its a better risk-reward entry for Profit target: 8.7 - 9.0 PKR
Keeps Eyes on bearish divergence in volume —if price rises but volume declines, a correction may follow.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.