OCTOPUS - PSX - Technical AnalysisOn daily TF, OCTOPUS is in a sideways channel since Nov 2024. Although it has broken out of downwards parallel channel but has actually not gotten into bull run.
Therefore, one can initiate trade in sideways channel as well as once it breaks out of the sideways channel.
KVO is in sideways and just below zero level, but Klinger line is above the trigger line. Which may move up. Similarly, RSI is also around 50, therefore, there is enough space to move up.
Trade Values
Buy-1: 68.10
TP-1: 77.34
Buy-2: 80.52
TP-2: 100
SL: 62.07
