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Panther Tyres Ltd. (PTL) Technical Analysis on PSX

As of 06-Nov 04:41 PM, Panther Tyres Ltd. (PTL), listed in the Automobile Parts & Accessories sector, traded at PKR 46.39 on the Pakistan Stock Exchange. The short-term trend is neutral (sideways) with weak strength and the long-term trend is neutral (sideways). The nearest short-term support zone is PKR 45.55 – 46.10 and the nearest short-term resistance zone is PKR 47.45 – 48.01.

PTL key levels and trend

SectorAutomobile Parts & Accessories
Last price (PKR)46.39
Short-term trendneutral (sideways), weak strength
Long-term trendneutral (sideways)
Short-term support zone (PKR)45.55 – 46.10
Short-term resistance zone (PKR)47.45 – 48.01
Long-term support zone (PKR)42.34 – 43.21
Long-term resistance zone (PKR)47.03 – 47.90
Distance to nearest support0.6%
Distance to nearest resistance2.3%
Data as of06-Nov 04:41 PM

Levels are calculated by FoxLogica's analyzer from PSX price history and refreshed after each trading day. They are zones, not exact prices, and can change quickly.

How to read support and resistance

Support is a price area where a stock has often stopped falling because buyers stepped in. Resistance is an area where rises have often stalled because sellers appeared. When price is close to support, the stock is near the lower edge of its recent range; close to resistance, near the upper edge. A move beyond either zone can signal a breakout or a breakdown, but many such moves fail, so traders usually combine levels with volume and a plan for limiting losses.

Frequently asked questions about PTL

What is the current support level for PTL?

FoxLogica's analyzer shows a short-term support zone of PKR 45.55 – 46.10 and a longer-term support zone of PKR 42.34 – 43.21 for PTL, as of 06-Nov 04:41 PM. Support is a price area where buying interest has tended to slow declines.

What is the current resistance level for PTL?

The short-term resistance zone is PKR 47.45 – 48.01 and the longer-term resistance zone is PKR 47.03 – 47.90, as of 06-Nov 04:41 PM. Resistance is a price area where selling pressure has tended to stop rises.

Is PTL in an uptrend or a downtrend?

As of 06-Nov 04:41 PM, the short-term trend for PTL is neutral (sideways) (weak strength) and the long-term trend is neutral (sideways). Trends change, so check the latest data before relying on them.

How far is PTL from support and resistance?

At PKR 46.39, PTL is about 0.6% above the nearest support and 2.3% below the nearest resistance, based on the analyzer data as of 06-Nov 04:41 PM.

Is this financial advice?

No. This page is educational. It shows technical levels calculated from price history and is not personalized advice, a recommendation to buy or sell, or a forecast. Trading involves substantial risk of loss.

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