This chart for Pakistan Tobacco Co Ltd (PAKT) shows a classic cup and handle pattern, which is a bullish continuation signal. The stock experienced a downtrend followed by a rounded bottom (the cup), and it has now formed the handle with a slight consolidation. The recent breakout past the handle indicates a potential upward price movement. The target price appears to be around 1,266 PKR, reflecting a 19.86% potential gain from the current level of 1,050 PKR. The volume has also increased, supporting the breakout, and the overall trend suggests further upward momentum.
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13% profit running. . .
Trade closed: target reached
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