PIBTL - PSX - Technical AnalysisOn daily TF, Price is in sideways for the past few days. A sharp move can be expected if it breaks resistance of 8.90.
Historically price has been moving up by making Elliott Impulse Waves. Therefore, price may either follow the pattern and price may go down after testing the TP-1. Or may continue going up in the drawn parallel channel to test TP-2.
Trade Call
Buy-1 : 9.0
SL: 7.07
TP1: 11.97
TP2: 14.05
