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.
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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.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。