PPL — Swing Idea

152

Pakistan Petroleum Limited has given a long-range breakout and is now holding above the breakout zone. Recent price action shows a *successful retest followed by a bounce*, indicating strength.

Additionally, a gap zone below provides a low-risk accumulation area for positional traders.
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### 🔹 Trade Plan

Buy 1 (CMP): ~230–233 (small position)
Buy 2 (Dip): Around 220
Buy 3 (Gap Zone): 208 – 213 (strong accumulation zone)
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### 🎯 Targets

TP1: 244
TP2: 264
Channel Top: 280
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### ⚠️ Risk Management
* This is a positional / swing setup, patience may be required
* If price closes below 200, structure will weaken → reassess position
* Avoid full position at once — use average strategy
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### 📌 Notes
* Breakout + retest confirms bullish structure
* Gap zone acts as strong demand
* Suitable for traders who can *hold through short-term volatility*
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Trade with discipline — let the structure play out.

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