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PAKISTAN STATE OIL CO LTDPAKISTAN STATE OIL CO LTDPAKISTAN STATE OIL CO LTD

PAKISTAN STATE OIL CO LTD

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PSO trade ideas

Pso bullish flag PSO Chart Analysis – Bullish Flag Formation Date: July 21, 2025 Ticker: PSO (Pakistan State Oil) Timeframe: 1W (Weekly Candle) Chart Pattern: Bullish Flag with Fibonacci Retracement ⸻ 🧩 Technical Breakdown • Massive Uptrend: The chart shows a strong parabolic move from under PKR 150 in late 2024 to nearly PKR 480 by early 2025 — indicating powerful bullish momentum. • Bullish Flag Formation: After topping around PKR 480, price action has consolidated in a downward-sloping flag channel, marked clearly by two green trendlines. This is a textbook continuation pattern, often signaling further upside after a breakout. • Fib Retracement Zones: • Price has respected the 0.382 Fib level (~PKR 340) multiple times as support. • Currently hovering around PKR 380, just under the 0.236 level, indicating consolidation in a healthy range after the impulse move. • Lower support zones lie near 0.5 (PKR 300) and 0.618 (PKR 260), which could act as demand areas if the pullback deepens. • Breakout Projection: • A potential breakout from the upper flag trendline could push price toward the measured move target of approximately PKR 674.61, as projected in the chart. • This target aligns with the vertical height of the initial flagpole added to the breakout point. ⸻ 📅 Outlook • If PSO maintains its structure and breaks the upper trendline with volume, it could trigger a strong continuation of the prior uptrend. • Keep watch on weekly closes above the flag resistance (~PKR 400) for confirmation. ⸻ ⚠️ Disclaimer This chart is for educational and informational purposes only. It does not constitute financial advice. Please conduct your own research before making any investment decisions.
PSX:PSOLong
by veermalik786
PSO PROBABLY IN WAVE '5' or '4' - LONGPSO is most probably in wave 5 of 3rd wave which can be an ending diagonal or impulse wave. As the 3rd wave was a big extended wave, 5th wave should not extend and will not make a significant move up. Volume divergence should also appear between 3rd and 5th wave, further breakup of wave 5 of 3rd: if the count is correct then wave 1 is completed and prices will retrace back to trendline marking wave 2 and only then move forward up. Alternate count is that we are still in 4th wave, as 4th waves can be any corrective pattern it is not wise to mark them as completed until we see further confirmations. In 4th wave we are in wave B which also can be any corrective pattern. Our preferred wave count is 5th wave up which will provide a buy opportunity once price retrace back. Note: We are not trading this move because we already have MARI and POL moves at our hand which are showing more promising returns and have better fundamentals then PSO at the moment. Feel free to comment and share your thoughts if you like. Let see how this plays, Good Luck ! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:PSO
by KayJay
3
PSO Facing Trendline Resistance – Possible Retracement AheadMollyRonaldFx Report The PSO 15-minute chart shows a strong bounce from recent lows, with price currently testing a well-defined descending trendline. Although today’s movement reflects bullish momentum (+2.22%), the resistance at this trendline may trigger a pullback. The projected short-term scenario indicates a potential dip towards the 348 support zone. A failure to break and hold above the trendline could confirm this bearish move. Watch price action closely near the resistance area for confirmation.
PSX:PSOShort
by MollyRonaldFx
PSO PROBABLY IN WAVE '' C '' OR " 5 " OF CORRECTION - SHORTThis is in continuation to our ongoing tracking of PSO shared earlier in which we are anticipating price to reach 350 - 360 area to go long. As our MARI trade (long) ended today making reasonable profit freeing our cash and since cash is trash, we have decided to take a small portion of short position in PSO. If our wave count is correct then we will reach buy zone of 360-350 which will be our target for this short sell trade setup. Risk/Reward ratio is not so promising on this one but we feel quite confident. Trade setup: Entry price: 377.50 Stop loss: 406 Target: 350 - 360 Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:PSOShort
by KayJay
PSO Showing Strong Signs of Trend Reversal Pakistan State Oil (PSO) appears to be shifting its market structure after a prolonged correction. The most notable signal is that no new lower low was formed, and the previous lower high has been decisively broken, indicating a potential trend reversal. This breakout is backed by a significant rise in volume, suggesting that smart money might be entering the stock. Additionally, RSI has crossed above 60, which reflects growing bullish momentum. Based on this setup, a trade plan could involve a first buy zone around 382–385 (breakout confirmation) and a second buy zone at 360–363 (in case of a pullback). A stop loss below 338 keeps risk defined, while targets at 409 and 445 provide a favorable risk-reward ratio. All key indicators—market structure, volume, and momentum—are aligning to support a potential upward move in PSO. Keep this on your radar, as this could be the beginning of a strong bullish cycle.
PSX:PSO
by StockDuniya
1
PSO at a Critical Juncture: Uptrend Continuation or Deeper Pull?PSO shows a strong uptrend followed by a significant pullback from its recent peak of 465. The price has retraced to 338, aligning with key Fibonacci levels, with 361 (0.382) acting as resistance and 322 (0.5) providing support near a long-term trendline. Holding above this trendline could signal a continuation of the uptrend, while a break below 322 may lead to further downside towards 296 (0.618 retracement) or even 251 (0.786 retracement). A bullish recovery would require reclaiming 361, while failure to hold support levels could extend the correction. Overall, the trend remains bullish in the long run if the price stays above key support zones.
PSX:PSOLong
by mbaberhanif