MARI is moving between 660 to 740 over the past one month or so.
KVO is dipping which suggests a further dip in price. RSI is also dipping much below Zero level.
Therefore, I'm eager to see it test 610 level once more. However, this is No 1 Stock of PSX and may attract Buyers at any time. Therefore, I'll buy in steps to make sure I have the stocks at lower rates.
Trade Values
Buy-1: 660
Buy-2: 640
Buy-3: 620
Buy-4: 610
TP-1: 708
TP-2: 720
TP-3: 735
SL: 600
Buy-5: 760 (Once price moves above this parallel channel sufficiently)
SL-5: 745
KVO is dipping which suggests a further dip in price. RSI is also dipping much below Zero level.
Therefore, I'm eager to see it test 610 level once more. However, this is No 1 Stock of PSX and may attract Buyers at any time. Therefore, I'll buy in steps to make sure I have the stocks at lower rates.
Trade Values
Buy-1: 660
Buy-2: 640
Buy-3: 620
Buy-4: 610
TP-1: 708
TP-2: 720
TP-3: 735
SL: 600
Buy-5: 760 (Once price moves above this parallel channel sufficiently)
SL-5: 745
Trade active
Due to FALSE news fire breakout at MARI Dharki plant, the share price has dropped significantly. This was a NEWS event which cannot be predicted through technical analysis. Therefore, once this clarification is circulated to all brokers and individuals then confidence will be restored, and we should see a good buying in afternoon and tomorrow session.
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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.