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PAKISTAN REFINERY LTDPP

PAKISTAN REFINERY LTD

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PRL trade ideas

PRL (ANALYSIS) 📉 Market Analysis 📊 PRL Analysis: Current Situation: PRL is expected to fall after reaching 30.8 and retrace to form a higher low (HL). RSI is below 70 on the daily chart. Bollinger Bands are contracting on the weekly chart, indicating a potential reversal. Trade Recommendation: Action: Sell at current rates until 30.8. Strategy: Look for opportunities to re-enter after the retracement and formation of a higher low. Stay vigilant! 📉💼
PShort
by Earn_withHassaan
PRL🚀 Stock Alert: PRL 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 First Entry : 26.50 🎯 First Target : 27.50 🎯 Second Target : 28.15 ⚠ Stop Loss: 25.70 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: NO 📰 Technical View: The price action is in uptrend after bullish divergence is observed with RSI. Long position can be considered with the stop loss below 25.70.
PLong
by mbaberhanif
PRLAnalyzing the current chart, we observe the formation of a Bullish Dragon pattern. The head is observed on the left side with the formation of both the foots and a breakout occurs for the formation of its tail. Traders often calculate the price target by measuring the distance from the head to the foot and projecting that downward from the breakout point. 🚀 Stock Alert: PRL Buy Range: 29.50 to 30.00 🎯 Targets: 36 ⚠ Stop Loss: 26.80 📉 Risk Level: Medium
PLong
by mbaberhanif
Short term retracement for a long term trendIt seems like PRL is going to enter a short term retracement as it faced rejection at a key level of 21.99. If volume falls further, expected retracement is at level of 17.79 (about 50% retracement from a key move upward. It may go a bit downward to 60% retracement of its initial move, but nothing to worry. It may be a good point to buy again. As elections has been announced, we are looking for a good rally upward. Keep an eye for bad news, as oil prices are falling, it may affect revenue.
PLong
by AnalytixEdgeByQasim