RPL-LONGRPL is trading in a bullish trend and now retraces from 0.786 fib ratio and 200 MA,so we will take a long trade here
RPL trade ideas
The Downtrend Is Over, 50% Potential AheadRPL looks attractive as its already on lower side from its top of 22.44, next accumulation zone lies around 16 and if it follows the same pattern of Higher Highs & Higher Lows then potential upside towards 24 gives 50% gain. This is a swing trade setup and can take time to give this much return or may be early. Use stop loss at 12 to manage risk, entry at 16 if reaches only, and set sell limit at 24. Manage your risk accordingly.
RPL is BullishPrice was in a strong downtrend, but it has given a good breakout and is consistently printing higher highs followed by higher lows, if the trend continues we can expect good bullish rally in coming months. Targets are mentioned on the chart.
P.S This analysis is conducted on weekly time frame, and could take months to play out
RPL is BullishRPL is moving in an uptrend, however it is currently undergoing a correction, it is breaking a lower high which is a good sign, but it could dip a bit further to make bullish divergence, which would further validate a bullish move. Entry point and targets are mentioned on the chart.
PSX KSE 100 ROSHAN PACKAGES RPL 1- Breakup of weekly Trend
2- Volume Increasing day by day
3- Fibonacci retracement also done
4- Hopefully it will get Target
5- Facing resistance at 17.43 and completing resistance at 0.382 at 15.45
6- trend is UP
clear HH and LLHH and LL on time frames of 1D, 4H and 1W indicate decent upside for trail, till the structure breaks
PSX -RPL OutlookRPL is making higher high and higher low after breakout the LH. today session closed with Bullish Marubozu candle with healthy volume. Entry is recommend 15.65 level.
Entry: 15.65
SL: 12.25
TP1:19.05
TP2:22.42
