Systems Ltd. (SYS) Technical Analysis

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Systems Ltd. (SYS) Technical AnalysisSYSTEMS LTDPSX_DLY:SYSMusarrat_karamatOverall Trend On the 4-hour timeframe, SYS is in a bullish trend, making consistent Higher Highs (HH) and Higher Lows (HL). Price recently retraced after touching 144.45 PKR, and is now testing Fibonacci support zones. 📈 Chart Highlights Fibonacci Levels & Golden Zone The retracement from the 144.45 high is approaching the golden ratio (0.618 Fib, ~126.68 PKR). Ideal buying zone lies between 127 – 129.33 PKR, aligning with Fib support and trendline confluence. Trade Setup Buy Zone: 127 – 129.33 PKR (golden ratio support). Stop Loss (SL): 121.85 PKR (below Fib 0.786 and structure support). Profit Targets TP1: 138.17 PKR (near recent HH and Fib 0.236 resistance). TP2: 144.67 PKR (retest of previous top & extension target). 📊 Indicators RSI Divergence (14-period): Currently at 54.34, slightly above neutral, giving room for upside. Previous bearish divergences caused corrections, but no strong bearish reversal confirmed yet. Momentum is stabilizing for a potential bullish bounce from support. 🔑 Trading View SYS remains bullish as long as it holds above the 121.85 PKR stop zone. A dip into the golden Fibonacci zone offers a high-probability buy entry. The next upside move could push toward 138–145 PKR targets. ✅ Summary: Systems Ltd. (SYS) on PSX is bullish, with a trade plan to buy near 127–129.33 PKR at Fib golden zone. Stop loss at 121.85, with TP1 = 138.17 and TP2 = 144.67. RSI supports a bullish rebound after consolidation.