PSO buying OpertunityPSO share buying strategy
PSO current price 415 buying on dip around 413-410
1st target 426
further hold if break 426 and sustain
stop loss 400
PSO trade ideas
PSO LongFib 2.618 level suggests target price of 731 while triangle and AB=CD patterns suggest 723.
For the safe side, 720 can be kept in mind as the final target.
PSO – TECHNICAL BUY CALL | 31 AUGUST 2025 PSO – TECHNICAL BUY CALL | 31 AUGUST 2025
The stock broke out of a reaccumulation phase, achieved a high of Rs. 429, pulled back, and now seems to be forming a double flag pattern, indicating potential upside.
#PAKISTAN STATE OIL CO.LTD. (PSO) LOOKING FOR BREAKOUTTechnical Analysis: Pakistan State Oil Co. Ltd. (PSO)
Time Frame: Weekly
Trend: Bullish
Pattern: Bullish Flag
Technique Used: Trend Lines
🔎 Chart Structure
PSO is forming a Bullish Flag pattern, a continuation setup usually seen before the next leg higher.
Price has been consolidating inside converging trendlines after a sharp rally.
This indicates strong accumulation before a potential breakout.
📈 Trade Plan
Buy Stop: Rs. 431.29 → Enter on breakout confirmation.
Stop Loss: Rs. 345.89 → Below consolidation support.
Targets:
TP1: Rs. 519.02
TP2: Rs. 602.45
TP3: Rs. 715.92
🚀 Breakout Outlook
A confirmed weekly close above Rs. 431 would validate the bullish flag breakout.
Initial rally may target Rs. 519, followed by Rs. 602, with the long-term projection towards Rs. 715+.
Trendlines are guiding higher, supporting continuation of the bullish structure.
⚠️ Risk Considerations
Failure to hold above Rs. 345 would invalidate the flag setup.
Watch for false breakouts; confirmation with weekly candle close is key.
Market sentiment in energy and PSX performance will also influence momentum.
✅ Conclusion: PSO is coiling within a Bullish Flag on the weekly chart. A breakout above Rs. 431 could open the path toward Rs. 519, 602, and 715. Long-term momentum remains bullish as long as Rs. 345 holds.
PSO – TECHNICAL BUY CALL | 17 AUGUST 2025 (1H TF)PSO – TECHNICAL BUY CALL | 17 AUGUST 2025 - 1H TF
The stock previously went through a Wyckoff re-accumulation phase, broke out, and marked a high of Rs. 429. After a pullback, the stock is now forming a DB bull flag, which is a confluence of two bullish structures.
Still Bullish but ..PSO CMP 415.97 (12-08-2025 12:47PM)
Still Bullish but it may re-test its breakout level around 380 - 405.
Upside Targets Intact.
Important to Cross & Sustain 435 - 437 for further Upside.
Bullish Flag Pattern.
Bullish Flag Pattern.
Crossing 435 with Heavy volumes will
trigger more positivity & will expose
New Highs targeting 700+
On flip side, breaking 300 now, will
bring more selling pressure.
PSO buying Strategy📈 Trade Setup: PSO Call Buy
Buy Zone: 411 – 390
Stop Loss (SL): 380
Target 1: 433
Target 2: 460
further hold if sustain above 460 or use a trailing stop loss
PSO Breaks Out of the Triangle – Momentum Ignites!After months of coiling up in a tight symmetrical triangle, PSO has finally exploded out with a massive bullish candle and huge volume! 📈🔥
💡 Entry was at 395.11, and we’re already seeing strong follow-through at 411.72. Momentum traders are watching closely as the breakout gains traction.
🎯 Targets:
TP1: 421.24
TP2: 461.15
TP3: 598.84 (full measured move!)
📊 RSI is heating up at 69.30 but still has room to run. The volume spike is a major confirmation that buyers are stepping in aggressively!
🔻 Stop-loss: 367.93 (a drop below this would invalidate the setup).
Pso bullish flag PSO Chart Analysis – Bullish Flag Formation
Date: July 21, 2025
Ticker: PSO (Pakistan State Oil)
Timeframe: 1W (Weekly Candle)
Chart Pattern: Bullish Flag with Fibonacci Retracement
⸻
🧩 Technical Breakdown
• Massive Uptrend: The chart shows a strong parabolic move from under PKR 150 in late 2024 to nearly PKR 480 by early 2025 — indicating powerful bullish momentum.
• Bullish Flag Formation: After topping around PKR 480, price action has consolidated in a downward-sloping flag channel, marked clearly by two green trendlines. This is a textbook continuation pattern, often signaling further upside after a breakout.
• Fib Retracement Zones:
• Price has respected the 0.382 Fib level (~PKR 340) multiple times as support.
• Currently hovering around PKR 380, just under the 0.236 level, indicating consolidation in a healthy range after the impulse move.
• Lower support zones lie near 0.5 (PKR 300) and 0.618 (PKR 260), which could act as demand areas if the pullback deepens.
• Breakout Projection:
• A potential breakout from the upper flag trendline could push price toward the measured move target of approximately PKR 674.61, as projected in the chart.
• This target aligns with the vertical height of the initial flagpole added to the breakout point.
⸻
📅 Outlook
• If PSO maintains its structure and breaks the upper trendline with volume, it could trigger a strong continuation of the prior uptrend.
• Keep watch on weekly closes above the flag resistance (~PKR 400) for confirmation.
⸻
⚠️ Disclaimer
This chart is for educational and informational purposes only. It does not constitute financial advice. Please conduct your own research before making any investment decisions.
PSO SHORT TRADEPSO's rally today was just a pullback in its continued downtrend.
Its sharp decline in previous days have caused bearish breaker block around 340 level
SHORT PSO 338-342
TP 296
SL 351
PSO SHORT TRADEPSO is continuing its bearish behavior since many weeks. It re-tested its current breakdown level around 366-370
It is expected to continue its downward trajectory till next support and channel bottom
SHORT PSO 360-370
TP1 335
TP2 325
SL 382
PSO SHORT TRADEPSO failed to post a Higher High in its effort in March 2025
It has broken down its Upward Trendline with heavy volumes
It is expected to continue downward at least till its next support at 325
Short Sell PSO 370-360
TP 325
SL 381
PSO PROBABLY IN WAVE '5' or '4' - LONGPSO is most probably in wave 5 of 3rd wave which can be an ending diagonal or impulse wave.
As the 3rd wave was a big extended wave, 5th wave should not extend and will not make a significant move up.
Volume divergence should also appear between 3rd and 5th wave, further breakup of wave 5 of 3rd: if the count is correct then wave 1 is completed and prices will retrace back to trendline marking wave 2 and only then move forward up.
Alternate count is that we are still in 4th wave, as 4th waves can be any corrective pattern it is not wise to mark them as completed until we see further confirmations. In 4th wave we are in wave B which also can be any corrective pattern.
Our preferred wave count is 5th wave up which will provide a buy opportunity once price retrace back.
Note: We are not trading this move because we already have MARI and POL moves at our hand which are showing more promising returns and have better fundamentals then PSO at the moment.
Feel free to comment and share your thoughts if you like.
Let see how this plays, Good Luck !
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
Play on LevelsImmediate Resistance is around 360 - 361
Weekly Closing above this level would be
a +ve sign & may move the price towards 385 - 387
PSO Facing Trendline Resistance – Possible Retracement AheadMollyRonaldFx Report
The PSO 15-minute chart shows a strong bounce from recent lows, with price currently testing a well-defined descending trendline. Although today’s movement reflects bullish momentum (+2.22%), the resistance at this trendline may trigger a pullback. The projected short-term scenario indicates a potential dip towards the 348 support zone. A failure to break and hold above the trendline could confirm this bearish move. Watch price action closely near the resistance area for confirmation.
ABCD Pattern Intact
Monthly Closing above 388 would Trigger
more positivity towards 430 - 440.
465 is Important Resistance.
remember, Crossing & Sustaining 465 with
Huge Volumes may exposes New Highs towards
600+
However, it should not break 320 in
worst case.
PSO - PSX - GANN based Tech AnalysisPSO on Daily TF has been retracing quite a bit. Right now price has just bounced back from Price Action Support Zone. However, a detailed GANN based analysis supported by Fib retracement, RSI and KVO has been performed.
Trade Values
Buy-1: 408
Buy-2: 342
Buy-3: 322
SL: 272
PSO PROBABLY IN WAVE '' C '' OR " 5 " OF CORRECTION - SHORTThis is in continuation to our ongoing tracking of PSO shared earlier in which we are anticipating price to reach 350 - 360 area to go long.
As our MARI trade (long) ended today making reasonable profit freeing our cash and since cash is trash, we have decided to take a small portion of short position in PSO.
If our wave count is correct then we will reach buy zone of 360-350 which will be our target for this short sell trade setup.
Risk/Reward ratio is not so promising on this one but we feel quite confident.
Trade setup:
Entry price: 377.50
Stop loss: 406
Target: 350 - 360
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSO - LongSimply based on such a long consolidation of 10 years, this stock has huge potential.
If you are a value investor and looking for great returns, then this share is for you with the target of Rs 650.
Short term target for traders is Rs 500-525
Still Good to Go..as Mentioned in Yesterday's Video,
it Hit 430-435 range and closed around 420.
Stoploss for Now 398
It may hit 450 and then 460
