Ashfaq Textile Mills — Bullish

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Ashfaq Textile Mills — Bullish Ashfaq Textile Mills LimitedPSX_DLY:ASHTaaqureshi01📊 Ashfaq Textile Mills — Bullish Structure Developing? Ashfaq Textile Mills Limited (PSX: ATM) is showing an interesting market structure on the daily timeframe. After a strong impulsive move from the discount zone, price created a major Higher High (HH) and then went through a significant correction. The current price action is consolidating around the Equilibrium zone, with buyers attempting to regain momentum. From an SMC + Price Action + Liquidity perspective, this is an important area to watch. 🔹 Current Price: ~40.76 🔹 Equilibrium: ~40.00 🔹 Key Resistance: 46.00–48.00 🔹 Major Resistance / Premium Zone: 65.00–69.00 🔹 Key Support: 32.00–36.00 🔹 Major Support: 26.93 🔹 Discount Zone: 12.00–16.00 🟢 Bullish Scenario If price holds above the 36–40 zone and breaks the 46–48 resistance area with strong volume and a confirmed daily close, we could see a continuation toward higher liquidity levels. 🎯 TP1: 46–48 🎯 TP2: 55–60 🎯 TP3: 65–69 🔴 Bearish Scenario If price gets rejected from the current equilibrium/resistance area and loses the 32 level, the bullish structure could weaken. A break below 26.93 would be a much stronger bearish signal and could open the door toward lower demand/discount areas. 🔍 What I'm Watching Liquidity → BOS → Retest → Volume Confirmation → Continuation For now, I’m watching how price reacts around 36–40 before expecting the next major move. This is my personal technical analysis, not financial advice. Always manage risk and do your own research. #ATM #AshfaqTextile #PSX #PakistanStockExchange #SMC #PriceAction #Liquidity #BOS #TechnicalAnalysis #Trading #Stocks #BullishSetup