PPL – Distribution Phase or Re-Accumulation? Key Levels to WatchPakistan Petroleum LimitedPSX_DLY:PPLMy-AnalysisPPL had a strong rally from ~160 → 280, followed by a sharp correction, and is now trading around 205–210 zone. Current structure shows: 👉 Loss of bullish momentum 👉 Lower highs forming 👉 Sideways consolidation after decline 📉 PRICE ACTION ANALYSIS ✔ Strong uptrend → now cooling phase ✔ Breakdown from 280 top = distribution ✔ Current range: 200 – 220 👉 Market is deciding next direction 🧠 SMART MONEY VIEW 👉 Early buyers booked profit at top 👉 Now accumulation may start at lower levels 👉 No clear trend yet → range market 🔑 KEY LEVELS Support: 200 – 195 Major Support: 180 – 185 Resistance: 220 – 225 Major Resistance: 240 – 250