LPGL - PSX - Technical AnalysisOn daily TF, this stock is in Bearish run for quite some time, making LHs and LLs. However, now seeing PSX going into bull run every stock has started to shift its momentum towards bull run.
SHARK harmonic pattern has been drawn (93% compliant). If price follows this pattern then very good return are expected. Price value zone of 170~175 is critical resistance zone, if it is crossed then bull run will likely to follow this pattern. RSI and Stochastic are indicating sufficient space to stay in bullish run. However, be mindful that a limited volumes are traded in this stock.
Trade Values
Buy (CMP): 131.99
TP-1: 165
TP-2: 235
TP-3: 365
TP-4: 440
SL: 100
