Pakistan Stock Exchange Ltd (PSX) Time Frame: Weekly

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Pakistan Stock Exchange Ltd (PSX) Time Frame: WeeklyPakistan Stock Exchange LtdPSX_DLY:PSXtahir9999malikAnalysis: The stock of PSX is showing a strong uptrend pattern, forming higher highs and higher lows. The current momentum remains bullish, supported by increasing trading volumes and positive indicators. RSI: Currently around 72, indicating strong bullish momentum (slightly overbought but still healthy). MACD: Bullish crossover, confirming upward momentum continuation. Chart Pattern: The ABCD pattern projects a potential target near PKR 50.43, which aligns with the measured move projection. Trade Setup: Buy: At current market price (around PKR 41.00) Target Price (TP): PKR 50.00 Stop Loss (SL): PKR 35.20 Time Frame: Weekly (medium-term outlook) Remarks: As long as the price holds above 35.20, the bullish structure remains intact. A breakout above 42 may accelerate the move toward the 50 target zone.