SEARL Long

1. Symmetrical Triangle Breakout

Price has been consolidating since 2021 between roughly PKR 60–120 inside a converging triangle.

Current monthly candle, if breaks above the triangle’s upper trendline, it will be a bullish breakout signal.

2. Fibonacci Retracement & Extension

The full retracement from 162 (2021 high) to 34 (2023 low) is plotted.

Current price (~121) has surpassed the 0.618 retracement (113) — a key resistance level — turning it into support.

Next Fibonacci extension targets:

0.786 level (134.87) — minor resistance.

1.0 level (162.23) — Major resistance & previous high.

1.272 (197.01) — Next bullish target after breakout.

1.618 (241.25) — Extended target zone, coinciding with strong pivot resistance.

Pivot Levels (Monthly)

Pivot Level (PKR)

Pivot (P) 92.27 Previous breakout zone / strong base
R1 141.51 Short-term resistance / first target
R2 178.56 Mid-term target
R3 227.80 Long-term breakout extension target
R4 277.04 Extended bull run potential

Volume & Momentum

Noticeable volume surge in 2023–2025 suggests institutional accumulation.

RSI (not shown but inferred from price pattern) likely moving toward overbought but still healthy for a breakout continuation.

Technical Outlook

Short-term Bullish Breakout above triangle & 0.618 Fib with volume
Medium-term Bullish to Strong Next resistances at 141 → 162 → 178
Long-term Potential target zone: 220–240 Matches R3 & 1.618 Fib extension

Invalidation / Stop Level

If the price closes below PKR 92 (Pivot support) on monthly basis, it would invalidate the breakout and return to consolidation.

Summary

Breakout confirmation: if monthly candle closes above 120

Next technical targets:

T1: 141

T2: 162

T3: 197

T4 (Extended): 228–241

Support levels: 113, 92, and 64

Trend: Reversal to uptrend after 5-year downtrend.