Current: 5.90 PKR (-2.61%)
Key Points:
Trading in sideways range 5.0-6.0 PKR since May
Failed breakout attempts above 6.0 PKR
Currently at upper range resistance
Low volume = weak momentum
Signal: NEUTRAL/RANGE BOUND
Action:
Range traders: Sell at 5.9-6.0 PKR, buy at 5.0-5.2 PKR
Breakout traders: Wait for volume confirmation above 6.0 PKR
Stop loss: Below 4.9 PKR
Targets:
Resistance: 6.0-6.2 PKR
Support: 5.0-5.2 PKR
Risk: Low volatility stock, suitable for range trading until breakout occurs.
Key Points:
Trading in sideways range 5.0-6.0 PKR since May
Failed breakout attempts above 6.0 PKR
Currently at upper range resistance
Low volume = weak momentum
Signal: NEUTRAL/RANGE BOUND
Action:
Range traders: Sell at 5.9-6.0 PKR, buy at 5.0-5.2 PKR
Breakout traders: Wait for volume confirmation above 6.0 PKR
Stop loss: Below 4.9 PKR
Targets:
Resistance: 6.0-6.2 PKR
Support: 5.0-5.2 PKR
Risk: Low volatility stock, suitable for range trading until breakout occurs.
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.
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.