PRL – Pakistan Refinery Limited | Bullish Rally & Fibonacci Retracement
PRL remains in a strong bullish structure after an extended upward move. A divergence developed near the recent highs, followed by a retracement toward the 0.382 Fibonacci level.
Entry Zone (EP): 87.00 – 87.52
Stop Loss (SL): 71.50
Target (TP): 106.50
Technical Setup
• PRL continues to trade within a broader bullish structure.
• Divergence appeared near the recent highs.
• Price has retraced toward the 0.382 Fibonacci level.
• The 87.00–87.52 zone is the key area to monitor.
• A positive reaction from this zone could support continuation of the prevailing structure.
• 71.50 remains the key risk-management level.
• 106.50 is the major upside level in this setup.
Key Point: The Fibonacci retracement provides an important area to watch within the ongoing bullish structure. Confirmation through price action remains important rather than chasing the rally.
⚠️ This analysis is for educational purposes only. Always use proper risk management and position sizing.
The broader backdrop has also improved materially: PSX reports FY2026 profit after tax of Rs15.78bn for PRL versus a Rs4.66bn loss in FY2025.
PRL remains in a strong bullish structure after an extended upward move. A divergence developed near the recent highs, followed by a retracement toward the 0.382 Fibonacci level.
Entry Zone (EP): 87.00 – 87.52
Stop Loss (SL): 71.50
Target (TP): 106.50
Technical Setup
• PRL continues to trade within a broader bullish structure.
• Divergence appeared near the recent highs.
• Price has retraced toward the 0.382 Fibonacci level.
• The 87.00–87.52 zone is the key area to monitor.
• A positive reaction from this zone could support continuation of the prevailing structure.
• 71.50 remains the key risk-management level.
• 106.50 is the major upside level in this setup.
Key Point: The Fibonacci retracement provides an important area to watch within the ongoing bullish structure. Confirmation through price action remains important rather than chasing the rally.
⚠️ This analysis is for educational purposes only. Always use proper risk management and position sizing.
The broader backdrop has also improved materially: PSX reports FY2026 profit after tax of Rs15.78bn for PRL versus a Rs4.66bn loss in FY2025.
Technical Analyst | CMT Level I Candidate with 5+ years of investing and 3+ years of trading experience across equity and forex markets. Focused on price action, market structure, disciplined risk management to deliver clear, educational market insights.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Technical Analyst | CMT Level I Candidate with 5+ years of investing and 3+ years of trading experience across equity and forex markets. Focused on price action, market structure, disciplined risk management to deliver clear, educational market insights.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.