PSX - KSE100 - HINO - end of bullish trend?
HINO has successfully broken out of both the falling trendline and an accumulation box, signaling a bullish trend. Currently, the price has tested the Fibonacci golden pocket and formed a hammer candle, which is a bullish indicator.
Trading Plan:
Buy Opportunity:
Entry: Current price
Stop Loss: Below the hammer candle low at 380
Targets:
TP1: 490
TP2: 525
Re-entry Plan (if Stop Loss is Hit):
Entry Zone: 360-325
Stop Loss: Below 310
Trading Plan:
Buy Opportunity:
Entry: Current price
Stop Loss: Below the hammer candle low at 380
Targets:
TP1: 490
TP2: 525
Re-entry Plan (if Stop Loss is Hit):
Entry Zone: 360-325
Stop Loss: Below 310
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.