Market Outlook :
The stock has been in a downtrend, trading within a descending channel. It has been forming lower highs and lower lows, indicating bearish momentum. Currently, the price is near the lower boundary of the channel, which might act as a support level.
Trading Strategy
1.28 - 1.30 PKR (First Buy Zone/temporary support)
1.20 - 1.22 PKR (Strong preferable buy zone)
The stock has been in a downtrend, trading within a descending channel. It has been forming lower highs and lower lows, indicating bearish momentum. Currently, the price is near the lower boundary of the channel, which might act as a support level.
Trading Strategy
1.28 - 1.30 PKR (First Buy Zone/temporary support)
1.20 - 1.22 PKR (Strong preferable buy zone)
Trade active
Stock near the target (1.44 and 1.48) upon from First Buy Zone
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.