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PAKISTAN STATE OIL CO LTDPAKISTAN STATE OIL CO LTDPAKISTAN STATE OIL CO LTD

PAKISTAN STATE OIL CO LTD

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PSO trade ideas

PSO | Cup&Handle PatternThe chart depicts the stock price movement of Pakistan State Oil (PSO) Ltd on a daily timeframe. It shows the formation of a cup-and-handle pattern, a bullish reversal pattern. The "cup" part indicates a gradual downtrend followed by a recovery, and the "handle" suggests a brief consolidation. The price is currently in the handle formation, and the key levels to watch are the target points (TP1: 170.90, TP2: 177.50, and TP3: 185) based on the expected upward breakout. However, there's a potential downside risk with a support level around 156. If the price breaks below this support, it could invalidate the bullish setup.
PSX:PSOLong
by mbaberhanif
PSO outlookAs the previous market data is concerned the data for PSO shows us a fall in the price of share i am watching ptice to fall to its weekly support level and the price gauge to 155.68 level of support , as well as the trend is concerned stock is in a bearish trend from weekly to daily to H4 to H1 there is some resistance to bearish trend over H4 TF but main trend is breaish price is also forming a Continuation pattern to the bearish trend i am bearish over next week to 155.88 level of support
PSX:PSOShort
by Wakeel_Saab
PSO | Flag Pattern🚀 Stock Alert: PSO 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Buying Range : 183-184 🎯 First Target : 192 🎯 Second Target : 205 🎯 Third Target : 218 ⚠ Stop Loss: 173 ⏳ Nature of Trade: Mid Term 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: YES 📰 Technical View: PSO displays a promising bullish pattern characterized by the formation of flag pattern. Our plan entails accumulating the stock within the designated buy zone (183-184 range), while setting stop loss orders below the bottom of flag at 173 to manage risk effectively. Anticipation builds for a substantial surge in momentum upon the completion of flag around the 192 area. To guide our trading decisions, we've delineated two more distinct targets: an intermediate target around 205 and a final target for exiting the trade will be around 218 which acts as a major resistance level.
PSX:PSOLong
by mbaberhanif