PTL LONG TRADE (SECOND STRIKE) 07-06-2025

PTL LONG TRADE (SECOND STRIKE)
After a severe downtrend till March 2023, PTL formed a huge inverted head and shoulder pattern, leading to a strong uptrend. The stock completed two impulse waves (Wave 1 and Wave 3) and then consolidated for a year (Dec 2023 - Dec 2024). Recently, it broke out of a corrective downward channel and formed a smaller inverted head and shoulder pattern, breaking out again.
Currently, it is i a pullback after the recent breakout, and is expected to continue its uptrend.

🚨 TECHNICAL BUY CALL – PTL🚨
- Buy 1: PKR 41 (current price)
- Buy 2: PKR 40.3
- Buy 3: PKR 39

- TP1: PKR 44.1
- TP2: PKR 46.9
- TP3: PKR 49.8
- TP4: PKR 52.2
- TP5: PKR 54

*Stop Loss:* Below PKR 34.4

*Risk-Reward Ratio:* 1:3.2

PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.