Engro Holdings Limited :
Trading within an ascending parallel channel, indicating a medium-term bullish trend.
The recent bounce from the lower trendline (PKR 225–230) shows strong institutional buying activity — this area is considered an institutional buy zone.
As long as the price stays above this zone, the overall trend remains positive and accumulative.
Price Action
Current Price: PKR 237.55
Lower channel line near PKR 225 acted as strong support and institutional accumulation zone.
Immediate resistance: PKR 245–250; next strong resistance at PKR 261 (upper channel).
A breakout above PKR 250 could trigger continuation toward PKR 261
Support & Resistance Levels:
224–230 Institutional Buy Zone / Support Channel bottom + accumulation zone
245–250 Resistance Minor horizontal resistance
261 Major Resistance Upper channel & previous swing high
200 Major Support Next key level if channel breaks
Technical Outlook:
The price action confirms institutional accumulation near the 225–230 zone, aligning with technical support.
Momentum indicators support a bullish continuation if the price remains above this area.
Watch for confirmation above PKR 245–250 for the next upside leg.
Trading Plan (Technical View) :
Institutional Buy Zone: 225–230
Buy Range: 230–235
Target 1: 245
Target 2: 261
Stop Loss: Below 224
Catatan
The institutional buy zone around 225–230 looks solid — strong support and good risk-reward setup. Let’s master the markets together!Trade aktif
our both tp is hit now use trailing stop loss
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.