UsmanFarouk

PPL:PSX is in the potential reversal zone

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PSX_DLY:PPL   PAKISTAN PETROLEUM LTD
PPL:PSX was in uptrend as it was printing HHs and HLs. However, on 1D RSI it has been observed to make a bearish divergence along with a Bearish ABCD pattern on price chart. Volume chart also shows divergence with respect to price chart. Present price is falling within the Potential Reversal Zone (PRZ). A short Entry has been set at downward break of point B, with appropriate SL and Tp1 and Tp2.
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