PIBTL – Intermediate Swing Setup 📊

Technical View:
PIBTL is forming a potential bullish falling wedge after a corrective decline from the July highs. Price recently bounced from the 14.70–14.80 support zone and is now testing the 16.00 area.

Momentum is improving, with RSI recovering toward the 50 level. However, the falling-wedge breakout still needs confirmation.

Key Levels:
🔹 Entry Zone: 16.00–16.20
🔹 Breakout Confirmation: 16.30–16.50
🔹 TP1: 17.20–17.40
🔹 TP2: 18.50
🔹 TP3: 18.50–19.00
🔹 Risk Level: 14.50

Fundamental Update:
FY2026 revenue increased to Rs16.39bn from Rs9.97bn, while net profit recovered to Rs3.37bn from a Rs257.93m loss. EPS improved to Rs1.89 from -Rs0.14. 

Conclusion:
PIBTL is showing a combination of fundamental recovery + improving technical momentum. For an intermediate swing, the key trigger is a sustained move above 16.30–16.50. Failure below 14.50 invalidates the setup.

Technical analysis for educational purposes; not financial advice.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →