KOHC is in sideways for quite some days. A symmetrical triangle pattern has been formed which can lead prices to either side. Additionally, a H&S pattern is also in the making. If that happens then it will give a better entry price at lower prices. Confluence can be drawn by noting that RSI is around 60 mark and heading downwards very slowly. Moreover, Klinger is also suggesting a Bear run at the moment. Bull run will begun once blue oscillator line crosses the green trigger line.
Since over all PSX is doing good and cement sector is also in bull run, therefore, for sure this SCRIPT will eventually go further up.
My Trade Values :-
Scenario 1 Entry BUY : 450.38 (once Head line is broken. Then it will get into parallel channel to continue bull run.
SL: 370
TP: 540
Scenario 2 Entry BUY : 371.74 (Once right shoulder is completely traced down at neck level.
SL: 319
TP: 540
Since over all PSX is doing good and cement sector is also in bull run, therefore, for sure this SCRIPT will eventually go further up.
My Trade Values :-
Scenario 1 Entry BUY : 450.38 (once Head line is broken. Then it will get into parallel channel to continue bull run.
SL: 370
TP: 540
Scenario 2 Entry BUY : 371.74 (Once right shoulder is completely traced down at neck level.
SL: 319
TP: 540
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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.