PIBTL is forming a potential bullish falling wedge on the daily timeframe.
After reaching the ~19.5–19.7 area, price entered a corrective decline and formed a series of lower highs while respecting the descending wedge structure. The recent rejection from the 14.70–14.80 area is important, as price has now recovered back toward the wedge resistance/16.00 zone.
The pattern is promising, but I would wait for confirmation rather than assuming the reversal is already complete.
Trade Structure:
🔹 Aggressive Entry: 16.00–16.20
🔹 Breakout Confirmation: Daily close above 16.30–16.50
🔹 TP1: 17.20–17.40
🔹 TP2: 18.50
🔹 TP3: 18.50–19.00
🔹 SL: 14.50
The 14.50 level remains important because it sits below the recent swing low and the lower boundary of the falling-wedge structure. A sustained breakdown below this level would invalidate the bullish setup.
Fundamental Catalyst:
PIBTL delivered a significant FY2026 turnaround. Revenue increased to Rs16.39bn from Rs9.97bn, gross profit reached Rs5.45bn, and net profit turned positive at Rs3.37bn versus a Rs257.93m loss in FY2025. EPS improved to Rs1.89 from -Rs0.14.
Finance costs also declined substantially, while operating cash generation improved to approximately Rs4.69bn.
Overall, PIBTL has improving fundamentals and a potential bullish reversal structure, but the technical breakout still needs confirmation. The 16.30–16.50 zone is the key area to watch, while 14.50 remains the structural invalidation level.
This analysis is for educational purposes only and is not financial advice.
After reaching the ~19.5–19.7 area, price entered a corrective decline and formed a series of lower highs while respecting the descending wedge structure. The recent rejection from the 14.70–14.80 area is important, as price has now recovered back toward the wedge resistance/16.00 zone.
The pattern is promising, but I would wait for confirmation rather than assuming the reversal is already complete.
Trade Structure:
🔹 Aggressive Entry: 16.00–16.20
🔹 Breakout Confirmation: Daily close above 16.30–16.50
🔹 TP1: 17.20–17.40
🔹 TP2: 18.50
🔹 TP3: 18.50–19.00
🔹 SL: 14.50
The 14.50 level remains important because it sits below the recent swing low and the lower boundary of the falling-wedge structure. A sustained breakdown below this level would invalidate the bullish setup.
Fundamental Catalyst:
PIBTL delivered a significant FY2026 turnaround. Revenue increased to Rs16.39bn from Rs9.97bn, gross profit reached Rs5.45bn, and net profit turned positive at Rs3.37bn versus a Rs257.93m loss in FY2025. EPS improved to Rs1.89 from -Rs0.14.
Finance costs also declined substantially, while operating cash generation improved to approximately Rs4.69bn.
Overall, PIBTL has improving fundamentals and a potential bullish reversal structure, but the technical breakout still needs confirmation. The 16.30–16.50 zone is the key area to watch, while 14.50 remains the structural invalidation level.
This analysis is for educational purposes only and is not financial advice.
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.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
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.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.