HBL — Retracement Complete, Bullish Move Toward 550

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HBL — Retracement Complete, Bullish Move Toward 550Habib Bank LimitedPSX_DLY:HBLasgharphulpotoHBL has recently taken a healthy retracement after its previous upside movement, allowing the market to absorb selling pressure and establish a stronger base for the next potential move. The current price action is again showing bullish characteristics, with buyers stepping back into the market and attempting to regain control. From a technical perspective, this retracement can be viewed as a corrective phase rather than an immediate reversal, provided the key support structure continues to hold. The trade idea remains focused on the buy side, with 550 as the projected upside target. The expectation is that, after completing the retracement, HBL can resume its bullish trajectory and gradually move toward the target zone. The setup favors disciplined buying rather than chasing short-term candles. Continued strength above the recent structure would provide further confirmation of the bullish scenario, while proper risk management should remain in place in case the market structure changes. Trade Bias: BUY / BULLISH 📈 Current Phase: Retracement Completed → Bullish Re-accumulation Projected Target: 550 🎯 Market View: Buyers Regaining Control Strategy: Buy-side continuation setup This is a technical trade idea and the 550 target is a projection, not a guarantee. Price action and risk management should be monitored throughout the trade.