Waves Corporation Ltd (PSX: WAVES) – Weekly Chart Breakout

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Waves Corporation Ltd (PSX: WAVES) – Weekly Chart BreakoutWaves Corporation LtdPSX:WAVESmehranali92Waves has finally broken out of a long consolidation zone with strong volume confirmation. Price closed at 9.97 (+10.29%), above both the 10 SMA (8.48) and 20 SMA (8.00). 📌 Trading Plan: Buy 1: CMP Buy 2: 9.4 Avg Entry: 9.6 Stop Loss: 8.5 TP1: 12 TP2: 16 📊 Observations: RSI at 69.29, approaching overbought but still room to run. Weekly breakout after 2+ years of sideways action. Strong volume spike supports bullish momentum. ⚠️ Risk management is key: Protect with SL below 8.5.