Pre :
PAEL has shown strong financial growth, with Q1 2024 net profit surging 1,090% YoY to PKR 444.9 million, driven by eased import restrictions and market stability. For the nine months ending September 2024, profit after tax rose 97% YoY to PKR 1.863 billion, supported by a 35% revenue increase due to higher sales volumes and price adjustments.
Post :
the stock is trading in rising wedge pattern with support levels at PKR 43.58 and 40.50 and RSI indicates near overbought levels, potential short-term volatility. Main future outlook depends on government upcoming energy policies, increasing home solar systems market demand will intact,
Key on eyes upon 46-levels breaks above levels rally towards 54-58 PKR, aligning with the projected 15-20% gain.
PAEL has shown strong financial growth, with Q1 2024 net profit surging 1,090% YoY to PKR 444.9 million, driven by eased import restrictions and market stability. For the nine months ending September 2024, profit after tax rose 97% YoY to PKR 1.863 billion, supported by a 35% revenue increase due to higher sales volumes and price adjustments.
Post :
the stock is trading in rising wedge pattern with support levels at PKR 43.58 and 40.50 and RSI indicates near overbought levels, potential short-term volatility. Main future outlook depends on government upcoming energy policies, increasing home solar systems market demand will intact,
Key on eyes upon 46-levels breaks above levels rally towards 54-58 PKR, aligning with the projected 15-20% gain.
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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.