PAEL – Symmetrical Triangle Breakout Loading?

PAK Elektron Ltd (PSX: PAEL) has been consolidating for months inside a symmetrical triangle, with price hugging the 10 & 20 SMA zone. The breakout could be just around the corner.

📊 Technical Outlook:

Pattern: Symmetrical triangle within a larger consolidation box.

Current CMP: 41.95

MA10 on monthly: Acting as dynamic resistance.

Volume: Noticeable spikes during upswings, showing accumulation.

RSI: Neutral zone at 52 – plenty of room for momentum in either direction.

📝 Trading Plan:

Buy 1: CMP (41.95)

Buy 2: 38.6 (on dip if retest happens)

TP1: 47.5 (near 0.382 Fib level)

TP2: 60 (major Fib retracement level 0.5)

SL: 34.5

⚡ Why Interesting?

Price has been coiling, reducing volatility – a breakout can trigger strong moves.

Weekly & Monthly structure shows alignment for a potential uptrend continuation.

Above 49.5, momentum could accelerate toward 62+.

🔍 Watch Levels:

42.50 breakout confirmation zone

38.50 retest support

49.5 major resistance

Disclaimer: This is not financial advice – just my personal trade setup based on technical analysis. Always do your own research before entering any trade.