UsmanFarouk

MUGHAL has formed a Bull Flag

Long
PSX_DLY:MUGHAL   MUGHAL IRON & STEEL INDUSTRIES LTD
MUGHAL:PSX is in uptrend on W and D timeframes. It has formed Bull Flag on both timeframes being a continuation pattern; the RSI doesn't show any unplayed divergence. SL has been placed on last swing low i.e 50% fib retracement. Entry point is placed slightly early to take actual benefit of the move. TP is also marked in GREEN.
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