PTL LONG TRADEPTL was in downtrend since its inception in PSX. It then formed and inverted H&S Pattern on 1W TF. It broke out of this pattern and formed a Bullish OB. It then went into Re-Accumulation Zone. It has now performed a retest after the Breakout at the bottom of 1W Breaker Block. It has started its upward reversal.
🚨 TECHNICAL BUY CALL –PTL🚨
🎯BUY1: Rs. 38-40
📈 TP1 : Rs. 44.4
📈 TP2 : Rs. 54
🛑 STOP LOSS: BELOW Rs. 33 (Daily Close)
📊 RISK-REWARD: 1:2.85
Caution: Please buy on levels. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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PTL trade ideas
PTL LONG TRADE (SECOND STRIKE) 07-06-2025PTL LONG TRADE (SECOND STRIKE)
After a severe downtrend till March 2023, PTL formed a huge inverted head and shoulder pattern, leading to a strong uptrend. The stock completed two impulse waves (Wave 1 and Wave 3) and then consolidated for a year (Dec 2023 - Dec 2024). Recently, it broke out of a corrective downward channel and formed a smaller inverted head and shoulder pattern, breaking out again.
Currently, it is i a pullback after the recent breakout, and is expected to continue its uptrend.
🚨 TECHNICAL BUY CALL – PTL🚨
- Buy 1: PKR 41 (current price)
- Buy 2: PKR 40.3
- Buy 3: PKR 39
- TP1: PKR 44.1
- TP2: PKR 46.9
- TP3: PKR 49.8
- TP4: PKR 52.2
- TP5: PKR 54
*Stop Loss:* Below PKR 34.4
*Risk-Reward Ratio:* 1:3.2
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Eyeing breakout levelThe price action has formed a bullish flag pattern (Weekly), with the current levels reaching a critical Fibonacci retracement zone. After a sideways trend within the flag, I'm eyeing a potential breakout . A confirmed break of the flag pattern could lead to a continuation move, targeting the clone area of the rectangle box in shortTerm & clone area of a flag pol in medium to longTerm, indicating further upside potential. The pattern may also resemble a triangle formation for the short term, which reinforces the likelihood of an upcoming bullish breakout. I also mentioned my 2nd chunk of buy if it breaks down & reach the level of .
Note: I know, I'm not good in drawing :-D Anyhow, I'm still learning, so if you have any suggestions for improvements, Please let me know, I’d appreciate your feedback. Thank you!
#PTL #GTYR
PTL - Inverse Head & Shoulders in Accumulation TG: 68.00 - 92.00PTL - Inverse Head & Shoulders in Accumulation Zone
PTL is forming an inverse Head & Shoulders pattern within an accumulation zone, currently at the right shoulder, accompanied by a Three Outside Up candlestick formation. This suggests a potential upward move in the days ahead. A successful break above the initial resistance at 46.60 will lead to a test of the neckline breakout point at 50.00 - 52.00 levels.
A breakout above these levels will confirm the resumption of the bullish trend, targeting the 50% level at 68.00, followed by 92.00 in the short to medium term. Indicators also support this bullish bias. Consider buying and accumulating within the 37.00 - 40.00 range, with a stop-loss defined below 36.00.
PTL | Think of it as bullish!📰 PTL is sustaining its support level that lies in a range of 36-37. Pull back is expected from this level. Long position can be consider with the stop loss of 35 and potential upside on the test of triangular top around 44 can be seen and upon break out condition it can test next resistance around 44.70.