APLKEEP EYE ON IT
at one hour time frame it has given break out.
confirmation candle is yet to make it more clear
risk is under control and reward is good
Attock Petroleum Limited
No trades
Market insights
Cup & handleCup & Handle Formation Expected.
Crossing & Sustaining the Resistance level may lead it towards new highs.
2 Bullish Patterns under Construction ;-)APL Analysis
Closed at 460.36 (29-05-2025)
2 Bullish Patterns under Construction ;-)
Imemdiate Resistance is around 468 - 470
which needs to Cross & Sustain on Weekly basis.
It may then easily touch 550.
On the flip side, 441 - 445 may act as a Good Support.
& breaking 440 will bring more selling pressure towards
410 - 415.
APL LongGolden cross about to happen on monthly time frame (By the start of next month).
It broke out its all-time high, touched Fib 1.618 level and then retraced back to retest.
Currently breached its 10 moving average on monthly chart and weekly 50 moving average gave it support.
Its easy target can be 734 if it jumps again after the golden cross.
APL Bullish APL bounced from Golden Zone 486
First Target can be 568 if it breaks the Retracement Orange Line.
APLPrice changing mood to Bearish, small pull back expected. No long entry until it breaks High on Green line.
APLPlan 2 :
Buy1 : around 389 - 392
Buy2 : around 383 - 385
TP1 : 400
TP2 : 405 - 410
SL : 379 (closing basis)
