Allied Bank Limited (ABL) — Downside Risk Toward 130Allied Bank LimitedPSX_DLY:ABLasgharphulpotoABL is currently showing signs of weakening price action, with the recent structure indicating that bullish momentum is gradually losing strength. Price has struggled to maintain higher levels, while repeated rejection around key areas is creating a more cautious outlook for the stock. The current setup points toward a possible continuation of the downward move if ABL fails to regain its important resistance levels. A decisive break below the established support region could increase selling activity and expose the stock to substantially lower price zones. Based on the present technical structure, 130 is identified as the projected downside objective for this trade idea. The route toward this level may include short-term recoveries, sideways movement and temporary pauses; however, the broader bearish scenario remains valid while the declining structure stays intact. Particular attention should be given to failed attempts to recover, rejection from overhead levels and the strength of price movement during any breakdown. A strong recovery and sustained acceptance above the key resistance area could weaken this bearish thesis and require a reassessment of the setup. For now, the focus remains on price behavior rather than short-term noise. If sellers maintain control and the structure continues to deteriorate, ABL could gradually move toward the 130 zone. Trade Bias: Bearish 📉 Projected Downside: 130 🎯 This is a technical trade idea based on price structure and market behavior. The projected level is not a guaranteed outcome, and proper risk management remains essential.