PSXPakistan Stock Exchange LtdPSX_DLY:PSXaaqureshi01Analysis of Pakistan Stock Exchange Ltd (PSX) – Monthly Chart The chart of PSX (1M timeframe) shows a strong long-term bullish breakout pattern. After forming a cup-and-handle formation, the price successfully broke above the neckline resistance near PKR 36 with strong volume confirmation. This breakout indicates a potential trend reversal from a prolonged bearish phase into a new bullish cycle. Currently, the stock has rallied sharply and is trading around PKR 115, showing significant momentum. The RSI (14) is also in the overbought zone above 80, reflecting strong buying pressure but also suggesting the possibility of short-term corrections or consolidation. Key Levels to Watch: Immediate Resistance: Around PKR 115 – 120 (current zone) Support Levels: PKR 90, PKR 60, and the neckline near PKR 36 Long-term Target (based on cup-and-handle projection): PKR 200+ The overall trend is bullish, supported by volume expansion and momentum indicators. However, due to the overbought RSI, some pullback or sideways movement can be expected before the next leg higher. ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research before making investment decisions.