SCL - PSX - Technical Analysis

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On daily TF, price has been making cap after cap. Now volume has started to fall, therefore, it is expected that price will test 625~630 region and will drop sharply due to profit booking.
New entries should be avoided.
Then it is expected to drop around 425~440 region and will stay there for around 6 weeks before again going up.
Ideally buying should be initiated once price bounces back from 425~440 region and crosses 450. Then Target Price should be 620 and then 7690.
Trade attivo
TP was achieved. Now taking new buying entry at CMP for TP 630 and then 690.
Trade chiuso: obiettivo raggiunto
Trade Closed as both TPs reached.

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