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FFBL bullish momentum on higher timeframes

FFBL technical analysis 24 April
Posted by: Hafsa Talpur 1 Post Date: April 24, 2024

FFBL bullish momentum on higher timeframes

Firstly, I am going to show you the broader perspective of FFBL. So we start with monthly time frame.

We have 33 as monthly resistance. If this week or next week FFBL crosses this monthly resistance, next heavy resistance we have on 46 area.

Look at the weekly chart it is showing more signs of bullish momentum pressure.

Here is the daily time frame that gives a more clear picture and current market structure. FFBL is in a bullish market structure you can play within the area of 30 to 40 level.

Lastly, Volume is increasing.

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I am a technical chart expert with extensive experience in the Pakistan Stock Exchange, specializing in analyzing market trends and helping traders make informed decisions through technical analysis Visit my Instagram channel here:Simple Market PSX

Comments (3)

  • Anonymous Reply

    Thanks

    May 4, 2024 at 2:03 pm
  • JST Reply

    Today 35.29
    Good analysis

    May 3, 2024 at 11:37 pm

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