KEL - Technical Outlook

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KEL - Technical OutlookK-Electric Ltd.PSX_DLY:KELGrowingPathKEL (PSX) – Daily Chart 📊 KEL has delivered a clear upside breakout from a descending channel, supported by healthy volume. Price has successfully flipped the previous resistance into support, signaling short-term continuation. Buy Plan: • First Buy: CMP • Second Buy: 5.80 – 6.00 (pullback / support zone) Stop Loss: • 5.60 on daily closing basis Targets: • 6.90 → 7.40 → 7.75 → 8.50 Post-breakout, the structure is forming higher highs and higher lows. Risk is well-defined with a multi-stage reward potential. Partial profit booking is recommended at each resistance level. Discipline with stop-loss is essential. 📈