Faysal Bank Limited (FABL) Chart Analysis

Pattern Identification
The pattern visible on the FABL chart appears to be an Ascending Triangle pattern rather than a Rising Wedge. Ascending triangles are typically bullish continuation patterns.

Key Features
Ascending Triangle:

The upper trendline is horizontal, indicating a strong resistance level.
The lower trendline is ascending, showing higher lows.
The pattern suggests accumulation and potential breakout above the resistance level.
Fibonacci Retracement Levels:

The chart shows Fibonacci retracement levels which can act as support and resistance.
Resistance and Support Levels:

Major resistance: Around PKR 44.88.
Key support levels: PKR 32.02 (38.2% retracement), PKR 28.04 (50% retracement), PKR 24.07 (61.8% retracement).
Current Price Action
The current price is PKR 40.78, approaching the resistance level of PKR 44.88.

Future Forecasting
Bullish Scenario:

If the price breaks above the resistance level of PKR 44.88 with strong volume, it could indicate a bullish breakout.
The projected price target could be estimated by adding the height of the triangle to the breakout point.
Bearish Scenario:

If the price fails to break above the resistance and starts declining, it could retest the support levels around PKR 32.02, PKR 28.04, and PKR 24.07.