Key Observations:
Elliott Wave Count:
Currently, the stock is at the peak of wave (3), indicating that a short-term correction (wave 4) might be expected before the price resumes its uptrend toward wave (5).
48-50 PKR is a strong demand area for a potential bounce,If its Hold an upward move toward 62-65 PKR is expected in wave 5.
RSI It recently touched an upward trendline, indicating a potential overbought condition, possibly leading to a short-term correction.
Elliott Wave Count:
Currently, the stock is at the peak of wave (3), indicating that a short-term correction (wave 4) might be expected before the price resumes its uptrend toward wave (5).
48-50 PKR is a strong demand area for a potential bounce,If its Hold an upward move toward 62-65 PKR is expected in wave 5.
RSI It recently touched an upward trendline, indicating a potential overbought condition, possibly leading to a short-term correction.
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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.