PSX- Analysis of Fauji Foods LtdTechnical Observations:
Harmonic Pattern:
The chart depicts an ABCD harmonic pattern with the price currently at point C.
Point A: 12.20
Point B: 19.80
Point C: 15.10 (0.618 Fibonacci retracement of AB)
Target D: 23.94 (Fibonacci extension of AB).
Fibonacci Levels:
Key Support Levels: 16.00 (0.5