PSO - 1D - Bullish Harmonic Reversal at PRZ

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PSO - 1D - Bullish Harmonic Reversal at PRZPakistan State Oil Co. Ltd. Class IPSX_DLY:PSOMasoodAnsariAccording to Dow Theory, PSO is completing a complex correction within a broader bullish cycle. Momentum is currently showing a clear Bullish Divergence on the RSI, suggesting that the selling pressure from the 'C' peak is exhausted and the trend is ready to pivot. Here, we have identified a Bullish Harmonic Pattern completing at point D. This PRZ (Potential Reversal Zone) is further validated by a secondary RSI divergence. Price has started to form green candles at the 340.00 support zone. A break above the immediate internal resistance will confirm the reversal. Entry: Buy stop at 355.90 Stop Loss: 315.90 TP1: 480.00 TP2: 500.82