PAK Elektron Ltd (PSX: PAEL) has been consolidating for months inside a symmetrical triangle, with price hugging the 10 & 20 SMA zone. The breakout could be just around the corner.
📊 Technical Outlook:
Pattern: Symmetrical triangle within a larger consolidation box.
Current CMP: 41.95
MA10 on monthly: Acting as dynamic resistance.
Volume: Noticeable spikes during upswings, showing accumulation.
RSI: Neutral zone at 52 – plenty of room for momentum in either direction.
📝 Trading Plan:
Buy 1: CMP (41.95)
Buy 2: 38.6 (on dip if retest happens)
TP1: 47.5 (near 0.382 Fib level)
TP2: 60 (major Fib retracement level 0.5)
SL: 34.5
⚡ Why Interesting?
Price has been coiling, reducing volatility – a breakout can trigger strong moves.
Weekly & Monthly structure shows alignment for a potential uptrend continuation.
Above 49.5, momentum could accelerate toward 62+.
🔍 Watch Levels:
42.50 breakout confirmation zone
38.50 retest support
49.5 major resistance
Disclaimer: This is not financial advice – just my personal trade setup based on technical analysis. Always do your own research before entering any trade.
📊 Technical Outlook:
Pattern: Symmetrical triangle within a larger consolidation box.
Current CMP: 41.95
MA10 on monthly: Acting as dynamic resistance.
Volume: Noticeable spikes during upswings, showing accumulation.
RSI: Neutral zone at 52 – plenty of room for momentum in either direction.
📝 Trading Plan:
Buy 1: CMP (41.95)
Buy 2: 38.6 (on dip if retest happens)
TP1: 47.5 (near 0.382 Fib level)
TP2: 60 (major Fib retracement level 0.5)
SL: 34.5
⚡ Why Interesting?
Price has been coiling, reducing volatility – a breakout can trigger strong moves.
Weekly & Monthly structure shows alignment for a potential uptrend continuation.
Above 49.5, momentum could accelerate toward 62+.
🔍 Watch Levels:
42.50 breakout confirmation zone
38.50 retest support
49.5 major resistance
Disclaimer: This is not financial advice – just my personal trade setup based on technical analysis. Always do your own research before entering any trade.
Trade ativo
TP1 hit trail your SL at breakeven and ride for TP2
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.