HBL - A begining of a long-term bull-run? Target=504 min?Habib Bank LimitedPSX_DLY:HBLkashif493HBL (cmp=338.16) 12-08-2026 The price structure of HBL can be anlyzed by applying various Elliott Wave counts and Harmonic Patterns. Currently, it is nevigating into its strong resistance area 334-361. Level of 361 is its B.O point for long-term upward targets. After sustaining of 361, it will hit 504 (minimum). It has already made an attempt in Jan/26 to break 361. Now it is going to make 2nd attempt. Immediate correction zone comes to 348.25 to 350.26 or 361. It may go into another round of correction before confirmation of B.O. Better to book profit near correction zone or near 361 or on breaking SL and observe price action for some days. Stop loss comes to 334. Better to wait for new buying for either (i) B.O of 361 or (ii) 2nd round of correction Reasons:- 1. Larger Harmonic Pattern AB=CD 2. Formation of wave-3 on MTF 3. Conversion of structure from 5th-wave failure to 5th-wave extension 4. Harmonic Pattern AB=CD, 1.27AB=CD on DTF Do Your Own Research No Claim, No Blame