HBL PSX appears bullish on both daily and 4-hour charts, suggesting a potential opportunity for prolific gain. HBL stock may be bullish in the short term. However, it is important to do your own research before making any investment decisions.
🚀 Stock Alert: *HBL*
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 First Range : 116-116.50
🎯 First Target : 120.80
🎯 Second Target : 126.70
⚠ Stop Loss: 110
⏳ Nature of Trade: Short Term
📉 Risk Level: Medium
☪ Shariah Compliant: NO
💰 Dividend Paying: YES
📰 Technical View: Break out from descending trend line is observed. First and second resistance...
HBL is currently in a strong uptrend on weekly time frame. It is printing higher highs and higher lows, and according to AB=CD harmonics pattern, the projection says that there is still massive room for upward movement. Targets are mentioned on the chart.
P.S Analysis is conducted on weekly time frame, so this could take months to play out
HBL is forming a bullish flag patter which is continuation pattern.So we assume upward price movement when it will break 108 level.Upward price projection has been given
HBL - Correction looks completed and the stock is anticipated to resume the uptrend. The breach beyond 102 will confirm the resumption of the uptrend. The predicted target lies within the 106 - 108 range, while the protective sell stop should be placed below 95.
Habib Bank Limited just entered the resistance area and should be looking to retrace back from here towards 85-88 region. KSE 100 index is over stretched at this point with a whopping 20% + upside rally in a short period which has also entered a significant resistance area. With uncertain economic conditions and no positive news coming out of the country to...
