SAPT - PSX - Technical AnalysisOn daily TF, from 05 Aug till 25 Sep 2024 Trend was Bearish.
Now Price is in sideways.
It is also below SMA 89 curve but not by much.
Volumes are very low as well.
Klinger Volume Oscillator suggests that Bulls are taking over the Bears but not by much as cross is very slanty not vertical, additionally it is below Zero line which means overall in Bearish zone. RSI indicator at 50 suggest neutrality but direction is upwards.
Resistance zones have been marked on chart. If price crosses 1287 then it may go in the bull run. Then first TP will be 1400. It will be critical level to cross. Once it crosses it then price will have a very sharp rise testing all time high of 1725.
