PRL could reverse for another rally soon

PRL stock has been going down for a few days but it looks like the stock could be poised for reversal soon.

Here is how the monthly chart is looking. As can be seen, the stock is taking a correction, which is healthy.

On the weekly chart, the stock is set to test the Rs. 30 to Rs. 34 levels, which can be considered previous resistances. A support at these levels is crucial for a reversal.

The daily chart tells a similar story

Monthly volumes also look healthy.

Hafsa Talpur

Completed my Degree in BBA Hons I have been working in the PSX market since 4 years.

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Hafsa Talpur
Tags: PRL

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