PSX_DLY:PSO   PAKISTAN STATE OIL CO LTD
πŸš€ Stock Alert: PSO

πŸ“ˆ Investment View: Technically Bullish πŸ“ˆ

πŸ” Quick Info:
πŸ“ˆ Buying Range : 183-184
🎯 First Target : 192
🎯 Second Target : 205
🎯 Third Target : 218
⚠ Stop Loss: 173
⏳ Nature of Trade: Mid Term
πŸ“‰ Risk Level: Medium
β˜ͺ Shariah Compliant: YES
πŸ’° Dividend Paying: YES
πŸ“° Technical View: PSO displays a promising bullish pattern characterized by the formation of flag pattern. Our plan entails accumulating the stock within the designated buy zone (183-184 range), while setting stop loss orders below the bottom of flag at 173 to manage risk effectively. Anticipation builds for a substantial surge in momentum upon the completion of flag around the 192 area. To guide our trading decisions, we've delineated two more distinct targets: an intermediate target around 205 and a final target for exiting the trade will be around 218 which acts as a major resistance level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.