Monthly Closing MattersCurrently at a Good Support. Monthly Closing
above 10.85 would be a Positive Sign.
However, 11.25 is also a Double Top.
So, in my view, let it Cross & Sustain 11.25
for further Upside towards 12.50 - 13 initially.
PIBTL trade ideas
PIBTL Price Forecast: Buy the Breakout or Wait for a Pullback?Current Price: PKR 9.71
Trading Strategy:
Entry Point: If the stock successfully breaks above the trendline (~PKR 10.00) with strong volume, enter a buy position.
Target Price: First target PKR 12.50, second target PKR 14.00.
Stop-Loss: Below the recent swing low (~PKR 8.50) to limit downside risk.
PIBTL - PSX - Technical AnalysisOn daily TF, Price is in sideways for the past few days. A sharp move can be expected if it breaks resistance of 8.90.
Historically price has been moving up by making Elliott Impulse Waves. Therefore, price may either follow the pattern and price may go down after testing the TP-1. Or may continue going up in the drawn parallel channel to test TP-2.
Trade Call
Buy-1 : 9.0
SL: 7.07
TP1: 11.97
TP2: 14.05
PIBTL -PSX BuyPIBTL formed a classic Cup and handle formation in last one year (almost 236 trading session). the instrument recently gave breakout of this formation with very high volume. Volumes are synched with the price. If it sustains at this level, then bulls will get strength. TP-1 with 1:1 risk reward and TP-2 according to Cup and handle formation may be targeted.
PIBTL | Dragon PatternPattern: Dragon Pattern
Current Status: Breakout observed from the dragon pattern.
Trade Strategy:
Entry: Long position at closing price of 6.
Target: 7
Stop Loss: 5.50
Summary: PIBTL has broken out of a dragon pattern, signaling potential bullish momentum. Enter at 6, aim for a target of 7, and set a stop loss at 5.50 to manage risk.
PIBTLWe can attempt to buy PIBTL from specified level as 0.5 FIB level also intact , also there is no bearish divergence at current level .
SL , TP mention in chart
PIBTLPIBTL displays a promising bullish reversal pattern characterized by the formation of an ADAM and EVE pattern. Our plan entails accumulating the stock within the designated buy back zone (6.50-6.80 range), while setting stop loss orders below 6 to manage risk effectively. Anticipation builds for a substantial surge in momentum upon the breakout from the neckline, anticipated around the 7 area. To guide our trading decisions, we've delineated two distinct targets: an immediate target around 7.50 and a final target for exiting the trade will be around 8.
PIBTLFor Fresh Entry:
Buy1 around 6.15 - 6.25
Buy2 around 5.50
TP1 : 7
TP2 : 8
Stoploss : 5.20 (closing basis)
PIBTL - BULLISHPIBTL looks bullish and is in uptrend as it makes its first higher high and now making higher low.
PIBTL - FALLING WEDGE IN AN UPTRENDPIBTL - Currently trading in a falling wedge, likely to test the BO point @ 6.50. On a break above the price could extend gains towards 8.00 - 9.20 levels.
Buy with risk defined below 5.66 levels.
