power cement longPower Cement LtdPSX:POWERTradeXpert786Technical Setup: Power Cement Ltd (POWER) — Daily Chart 📈 Market Context & Trend Current Price: 21.50 (+5.81% today) Bullish Momentum: The stock has seen a sharp recovery from its April lows, pushing back into a strong upward trend with higher highs and higher lows. Key Resistance Level: The immediate horizontal ceiling sits right around 22.24. This level acted as a major peak back in January/February and is currently the primary target for bulls to clear. 🛠 Indicators in Play Volume: Today's session printed a significant volume spike (9.1M), well above the average volume line. This confirms strong buying interest and institutional backing on the move up. Triple Moving Average (MA): The price action is comfortably trading above its key moving averages, signaling that the medium-to-long-term trend remains firmly bullish. RSI Divergence: The setup features a "Cambist with RSI Divergence" indicator, suggesting that previous momentum exhaustion has been resolved and the current uptrend is well-supported by underlying momentum. 🎯 Trading Plan Breakout Entry: Look for a decisive daily close above 22.25 on high volume to confirm a breakout from the current consolidation range. Alternatively, look for minor intraday dips toward the 20.50 region for a better risk-to-reward entry. Upside Targets: Target 1: 22.24 (Immediate Resistance/Breakout Trigger) Target 2: 23.50+ (Open air room once previous yearly highs are cleared) Stop Loss: Below the recent swing low / support structure near 19.50 to protect capital in case of a false breakout.