SHFA Technical Analysis (Daily + Weekly) / PSX Shifa International Hospitals LimitedPSX_DLY:SHFAAsif_Iqbal_chaudharyThe weekly timeframe is showing a Double Top pattern accompanied by Bearish RSI Divergence, indicating that bullish momentum is weakening. While this does not guarantee a reversal, it is an early warning that buyers should remain cautious and wait for price confirmation. On the daily timeframe, SHFA has recently printed a Higher High (HH) and is now pulling back into the 489–500 demand/support zone, where a potential Higher Low (HL) could form. As long as this support zone remains intact, the overall bullish market structure is still valid. 📈 Bullish Scenario The 489–500 support zone is the key area to watch. Aggressive traders can consider buying at the current price while the stock is trading within the demand zone. Conservative traders should wait for a bullish confirmation candle (such as a bullish engulfing, strong bullish rejection, or breakout candle) before entering a position. Target 1: 574.76 Target 2: 600.52 📉 Bearish Scenario The weekly Double Top and Bearish Divergence remain a risk. If the 489 support is broken with strong selling pressure and a daily close below this zone, the bullish setup will be invalidated, opening the door for a move toward 453.58. 🎯 Trading Plan ✅ Buy Zone: 489–500 ✅ Entry Option 1: Buy at the current market price (Aggressive Entry). ✅ Entry Option 2: Wait for a bullish confirmation candle before buying (Conservative Entry). 🛑 Stop Loss: Below 453.58 (or according to your own risk management). 🎯 Targets: 574.76 → 600.52 "Trade what you see, not what you hope. The chart always rewards patience and discipline." Disclaimer: This analysis is for educational purposes only and is not financial advice. Always use proper risk management before entering any trade.