PRLBuy1 around 28.05 - 28.20
Buy2 around 27.10 - 27.30
TP1 around 29 - 29.20
TP2 around 30.30 - 30.70
Stoploss 26.45 (Closing basis)
PRL trade ideas
PRL4th Time Touching the Support Level around 27.15
Bullish on Monthly TF
To resume its Uptrend, it needs to Break & Sustain
31 initially
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
PRLDouble Bottom formation around 27
Bullish on Weekly TF
Buy around 27.50 - 28.50
Sell around 30 - 31
Stoploss 26.70 (closing basis)
If 31.50 is crossed, we may witness 33
PRL PSX KSE100PRL at its resistance levels any up or downside defining new destination for price orange horizontal line is very important however upon retest. target price and support explained
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.
PRL struggling to break its resistancePRL has encountered rejection after testing the resistance level at 16. If this level fails to break, there is a likelihood that the price may test the 200 EMA (Exponential Moving Average) at approximately 15.
PRLPRL surpasses the 200-day MA, indicating ongoing bullish momentum. First resistance at 15.35, potential for 16.15 if it's breached and sustained. Initial support at 14.15, followed by 13.4 as the secondary support level.
Watch for the breakout!!!PRL is long if breakout is confirmed and retested. however, we should be careful about the long term bearish movement
