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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 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
2
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
Though Bullish on Bigger Time Frames but..Though Bullish on Bigger Time Frames but it has Started making LH LLs on Daily TF. Currently at Important Support level. Bullish Divergence has appeared that should give it a Bounce. If 345 is Sustained, we may witness slight upside may be around 375 - 385. If 391 is Crossed with Good Volumes & Weekly closing is above this level, we may see it touching 415 - 420 which is again an Important Resistance level. However, if 345 is broken, 320 - 325 is a level that can be touched in worst case where Bearish ABCD pattern target will be touched.
PSX:PSO
by House-of-Technicals
PSO OPERTUNITIESKey Observations: Price Levels and Support/Resistance: Current Price: The price is currently at 379.01 PKR. Support Levels: Major support is visible at 375.42 PKR, marked in blue. Below that, there’s another potential zone near 372 PKR. Resistance Levels: Key resistance appears around 382.77 PKR. Another significant resistance lies at 389.67 PKR, with the next level at 403.95 PKR. Moving Averages: The chart features two moving averages: Green (Longer-term MA, possibly 200-period): Indicates a downward trend as the price is below this moving average. Orange (Shorter-term MA, possibly 21-period): This MA shows a more reactive trend but is currently sloping downward, suggesting short-term bearishness. Indicators and Tools: LuxAlgo Patterns: The chart includes LuxAlgo's supply and demand zones: A highlighted demand zone (red shaded region) suggests buyers' interest around 372 PKR. The supply zone above 389 PKR shows selling pressure in that region. Volume: Increasing volume spikes during drops indicate selling pressure. Overall Trend: The price has been in a downtrend, indicated by lower highs and lower lows. However, recent price action near support levels shows potential consolidation.
PSX:PSOLong
by dove8141