PABC trade ideas
PABC🚀 Stock Alert: PABC
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Range : 65-65.50
🎯 First Targets : 67.50
🎯 Second Targets : 72.50
⚠ Stop Loss: 62.50
⏳ Nature of Trade: Mid Term
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
📰 Technical View: *PABC* is currently pulled back from 200 day EMA overall momentum is bullish. Initial resistance lies around 67.50 which break and sustains then secondary resistance lies around 72.50. Use stop loss below 62.50.
PABC UpsidePABC toward to test 74-75 level, short term traders can exit there, long term can stay to see the volume at resistance level as it could break that 75 barrier
PABC is BullishPABC has been in a trending phase since few months and although bears forced a correction, the price still did not dip below previous higher low, which indicates that bulls are still in control of the price action. It is looking good for a bullish rally which could take the price close to 100. Targets are mentioned on the chart.
Still Bullish on Monthly TFBuy1 around 66.50 - 67.60 | Sell around 69 - 70
Buy2 around 64.50 - 64.60 | Sell around 66 - 67
Stoploss 60 (Closing basis)
PABC PSX KSE100 1.Price takes support from mid of the channel (57.53) and breaks the Channel. Achive Fib extension level 1.618.
2.IF the price consolidates above 69.59 price level next TP would be Rs.95
BUY Almost formed a Cup & Handle type formation on weekly chart. Consolidating below its weekly breakout level. Buy on breakout or at weekly 50 EMA. Technical Target is around 75-76.
