PRL – Bullish Rally & Fibonacci RetracementPakistan Refinery LimitedPSX_DLY:PRLAlphaEdge_TradingPRL – Pakistan Refinery Limited | Bullish Rally & Fibonacci Retracement PRL remains in a strong bullish structure after an extended upward move. A divergence developed near the recent highs, followed by a retracement toward the 0.382 Fibonacci level. Entry Zone (EP): 87.00 – 87.52 Stop Loss (SL): 71.50 Target (TP): 106.50 Technical Setup • PRL continues to trade within a broader bullish structure. • Divergence appeared near the recent highs. • Price has retraced toward the 0.382 Fibonacci level. • The 87.00–87.52 zone is the key area to monitor. • A positive reaction from this zone could support continuation of the prevailing structure. • 71.50 remains the key risk-management level. • 106.50 is the major upside level in this setup. Key Point: The Fibonacci retracement provides an important area to watch within the ongoing bullish structure. Confirmation through price action remains important rather than chasing the rally. ⚠️ This analysis is for educational purposes only. Always use proper risk management and position sizing. The broader backdrop has also improved materially: PSX reports FY2026 profit after tax of Rs15.78bn for PRL versus a Rs4.66bn loss in FY2025.