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Pakistan Telecommunication Co. Ltd. Class APakistan Telecommunication Co. Ltd. Class APakistan Telecommunication Co. Ltd. Class A

Pakistan Telecommunication Co. Ltd. Class A

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Pakistan Telecommunication Co. Ltd. (PTCL) - Technical AnalysisCurrent Price: PKR 40.55 (-3.47%) Trend Structure PTCL is trading within a broadening ascending channel and has recently recovered from a sharp correction. The stock experienced a parabolic rally from PKR 26 (August) to PKR 44 (October), followed by a healthy pullback that found support around PKR 34. Key Levels Resistance: Recent high at PKR 44, upper channel boundary (~PKR 44-46) Support: PKR 34 (recent CHoCH level), PKR 26 (BOS zone), critical support at PKR 22.50, major demand zone at PKR 16-18 Volume Analysis Concerning volume pattern: The October rally to PKR 44 showed extremely high volume (tallest bars on the chart) Current bounce from PKR 34 to PKR 40 is on significantly lower volume Volume declining during the recovery suggests weak buying conviction Distribution likely occurred at the top as volume spiked during the selling phase Smart Money Concepts Multiple BOS (Break of Structure) and CHoCH markers indicate trend shifts. The recent CHoCH at PKR 34 suggests potential bullish continuation, but needs volume confirmation. Pattern Assessment The price action shows a classic "pump and dump" characteristic with explosive rally on high volume followed by weakening momentum. The stock is attempting to form a higher low, but volume doesn't support strong institutional re-entry yet. Outlook Neutral to Cautiously Bearish - While price is recovering technically, the lack of volume support raises red flags. Watch for: Bullish scenario: Break above PKR 44 on strong volume Bearish scenario: Failure to reclaim PKR 42-44 could lead to retest of PKR 34 or lower to PKR 26 support Risk: Volume divergence suggests this rally may lack sustainability. Wait for volume confirmation before entering long positions.
PSX:PTCShort
by ABD_47
PTCL Technical Setup: Bullish with CautionCurrent Price: PKR 37.16 (+2.96%) Volume: 13.08M (elevated) Pattern Analysis Rising Channel (Primary Pattern) Structure: Well-defined ascending channel since late 2023 Current Position: Price at upper channel boundary (~37-39 zone) Channel Support: Lower trendline around 31-32 PKR Status: Testing resistance at channel top Key Observations Positives: Clean uptrend structure maintained throughout 2024-2025 Price respecting channel boundaries consistently Recent volume spike (13.08M) showing buying interest Multiple successful bounces from lower channel line Concerns: Currently at upper channel resistance (overbought zone) Price has been rejected at this level before (see Oct 2025 peak) Extended move from support without pullback Critical Levels Immediate Resistance: 37-39 PKR - Current upper channel boundary (testing now) 40 PKR - Psychological level and channel breakout Support Zones: 35 PKR - Recent consolidation/immediate support 32-33 PKR - Mid-channel support 31 PKR - Lower channel boundary (key support) Scenarios & Targets Bullish Scenario (Channel Breakout) IF breaks above 39 PKR with volume: Target 1: 42-43 PKR Target 2: 45+ PKR (channel projection) Neutral/Pullback Scenario (More Likely) Expected behavior at channel top: Pullback to 35 PKR (minor retracement) Deeper correction to 32-33 PKR (healthy pullback) Both would offer better risk-reward entries Risk Assessment ⚠️ Current Risk Level: MODERATE-HIGH Why Caution: At channel resistance, not support Limited upside room before hitting resistance Poor risk-reward at current levels (3-4% upside vs 15-20% downside to channel support) Trading Strategy For New Entries - WAIT ❌ Not recommended at current levels Price extended at channel top Better to wait for pullback Preferred Entry Zones: 35 PKR - Minor dip (aggressive) 32-33 PKR - Mid-channel (ideal) 31 PKR - Lower channel (conservative) For Existing Holders ✓ Consider partial profit booking at 37-38 PKR ✓ Hold with stop loss at 35 PKR (if expecting breakout) ✓ Full exit if closes below 35 PKR Breakout Play (Advanced) Entry: Only if daily close > 39 PKR with volume > 15M Stop: 37 PKR Target: 43-45 PKR Bottom Line Rating: ⭐⭐⭐ (Neutral at Current Levels) PTC is in a healthy uptrend but currently overextended at channel resistance. While the long-term structure remains bullish, the risk-reward favors waiting for a pullback rather than chasing at these levels. Best Approach: Monitor for either a clean breakout above 39 PKR OR a healthy pullback to 32-35 PKR for better entry opportunity. Key Level to Watch: 35 PKR support - holding this keeps bullish structure intact.
PSX:PTC
by ABD_47
PTC - PSX - Technical AnalysisPTC is in a sharp bull run. On Daily TF, after making a CUP& HANDLE pattern it is going upwards towards TP-1. Since there is no sign of divergence on RSI, therefore, instant buy can be initiated. On reaching TP-1 one must see the RSI indicator for any retracement sign, if no such sign present then continue riding the trend. On other hand on retracement, a new Buy can be initiated. Already defined Higher Low will be the Stop Loss. Trade Call Buy-1 (Mkt): 24.57 TP1: 26.52 SL : 18.82 Buy-2: 22.94 TP: 32.48 SL: 18.82
PSX:PTCLong
by Golden_Spur
PTC - PSX - Technical AnalysisPTC - Analysis Since June 2024 price is moving in sideways channel. Presently, on Daily TF, price has crossed Bollinger Band's upper band line. Therefore, price is likely to come down. Remember the central line of BB acts as a magnet and price always tries to catch up with it. On RSI 70 value indicates that bullish momentum is ON without any divergence. Therefore, price may test 14.00. But for going into bull run price must cross 15 which was previous Lower High. Therefore, buying should not be carried out till its price touches 15.
PSX:PTC
by Golden_Spur
1
PSX - PTC - Bullish Trendhe current market is showing a strong uptrend characterized by a series of higher highs and higher lows, indicating robust bullish momentum. There is no divergence present, suggesting that the trend remains intact. However, today’s volume appears light, which may signal a lack of strong conviction behind the rally. Traders should be cautious as light volumes can make the trend more susceptible to pullbacks. It’s essential to monitor changes in volume patterns moving forward. A significant increase in volume supporting the uptrend would be a positive sign, while a pullback on light volume may indicate a potential consolidation phase.
PSX:PTCLong
by gulraizali90
1