PAEL – Symmetrical Triangle Breakout Loading?

8월 11일

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.

9월 4일

액티브 트레이드

TP1 hit
trail your SL at breakeven and ride for TP2