PSX- CNERGY : Breakout or Rejection? Trading Strategysignificant increase in volume is observed indicates accumulation by institutions or major market participants.
While Net volume remains negative (-8.06M), suggesting some selling pressure at higher levels.
Trading Strategy:
Short-Term Strategy
Buy on pullback when price retraces to 7.0 - 7.2 PKR, its a better risk-reward entry for Profit target: 8.7 - 9.0 PKR
Keeps Eyes on bearish divergence in volume โif price rises but volume declines, a correction may follow.