Could Hascol cross level of 10 again?Current results of Hascol are little improved since last results, Company is decreasng its loss slowly and gradually, It is a positive sign for increase of share prices. In this chart you can see the trend and it is near its support and as its improves financial results it can rise to these blue arrows levels.
Note: This is not a buy/sell call. Trade with your own decisions.
Kse100
Slight Correction Needed?Alhamdulillah, as mentioned on 27-09-2024 that
index may touch 87000 with slight corrections, it
touched the mentioned level.
Index is Still Bullish.
It has the potential to touch 100,000 - 100,350
It may take some correction of 2000 - 3000 points.
S1 is around 88500 - 88700
S2 is around 87000 - 87200
There is no harm in the Bullish Momentum as
long as it stays above 84500.
In worst case scenario, it may touch 82000 which
seems unlikely so far.
AVN, Bullish Channel with Flag Breakout- Weekly Bullish Flag
- Breakout of flag
- Now trading in Bullish Channel
- Time cycle indicated
- A complete cycle takes around 220 days
- This cycle completed around 200 days
- New cycle and bullish moment is expected in next 20-30 days
- upcoming board meeting may trigger this cycle
- Buy suggested with SL of closing below 48
- Take profit on top of channel
- Ultimate target is 140
TPLP_KSE100_#TPLP__#Trading_#daily_#call_#IdeaThe daily chart shows a strong bullish divergence, However the price making consecutive lower lows and lower closes, with this bullish divergence we are expecting the trend might reverse and Bulls may again step in and shows dominance.
The recent price action has formed a complex pullback, and now the price is testing the strong resistance zone 8.89, which is a psychological level. If the price maintain this level, I expect it the script will bounce back from this level and shows some upwards momentum. Potential levels identified on the charts as well.
# DYOR (Do your own research as well)
Traders, if you liked this idea write in the comments and give your feedback as well thanks
DCL - CUP FORMATION TG : 10.00 - 11.40
DCL is currently trading in a cup pattern, with a post-breakout retest of the neckline at the 8.38 level, following a 36.00% rally from a low of 8.00. DCL now shows a homing pigeon bullish reversal formation with medium reliability. It is likely to continue its momentum toward the previous high of May 2024 at 11.40, followed by 12.80. The momentum indicators are in oversold territory. Accumulate with a defined risk below the 8.00 level.
Targets: 10.00 - 11.40 - 12.80
CPHL - BULL FLAG, TARGET: 35.20CPHL surpassed the 50% target at the 30.90 level and hit the upper cap at 31.59. The current momentum shows strong bullish behavior in the North, indicating that the target of 35.20 might be achieved in the next few sessions. It is suggested to stay long!
TARGET: 35.20
CRTM - GOLDEN CROSS, TARGET 22/- & 34/-CRTM - ICHIMOKU CLOUD BREAKOUT + GOLDEN CROSS + BULLISH CROSS, TARGET: 21.50 - 22.50 - 26.00 - 34.00 LEVELS, SL: 13.00
CRTM is showing multiple bullish signals including a Golden Cross, Bullish Cross, and breaking out of the ICHIMOKU Cloud. The targets are set at 21.50, 22.50, 26.00, and 34.00 levels with a stop loss at 13.00.
The breakout from a 4-month descending channel coupled with breaching the Ichimoku Cloud above 14.44 signifies a strong and potential rally, projecting an upside of 30% to 51.00%. The forecasted targets are 21.50, 26.00, and 34.00 levels. Indicators such as MACD, RSI, and oscillators are all signaling bullish momentum. Nonetheless, immediate support is observed at the 13.00 level; any breach below will invalidate this bullish bias.
HUBC - BEARISH REVERSAL WITHIN A BULL FLAG
HUBC is currently trading within a Bull Flag pattern, with the price encountering resistance below 118.30. Multiple resistance levels are preventing a breakout from the flag resistance zone. The price appears poised for a bearish reversal towards the levels of 111.80 to 102.70. It is probable that the flag channel's bottom support around 104 / 102 levels will be tested.
Consider selling with a STOPBUY set above 119.
Targets: 112.70, 111.30, 108.00, and 104.
KSE 100 index sell side tradeAs KSE 100 index is moving towards it H4 supply and will return immediately from there if we get any rejection on level we will be shorting
The confluance for sell baised is on H4 break of structure as higher low was broke and move back upward and we will return from supply level
TOMCL - Testing Break Down LevelTOMCL - Testing Break Down Level
TOMCL Technical Analysis Overview:
TOMCL is currently undergoing a critical testing phase, as it grapples with a bearish trend spanning nearly two years. Investors are advised to exercise caution and remain vigilant regarding key price levels.
Immediate Support at 21.40: It's important to note that a sustained trading position above the 21.40 mark is essential for potential positive momentum. Investors should closely monitor this level.
Inner Channel Vulnerability at 19.77: Should TOMCL breach the inner channel support at 19.77, there is a likelihood of a price test at the 18.00 level, which aligns with the parallel channel support.
Further Downside Risk: A breach of the 18.00 level may open the door to a significant downward correction, with potential targets at 15.20 and 14.60.
Bearish Divergence in Indicators: It's worth noting that indicators are displaying a bearish divergence, further underscoring the cautious sentiment surrounding TOMCL's current trajectory.
In summary, TOMCL is facing a critical juncture in its price action, and investors should closely monitor the key support and resistance levels outlined here. Prudent risk management and vigilance are advisable in light of the prevailing bearish trend and bearish divergence in indicators.
HUBC tumbled over 9.7% after a bearish pattern recognitionHUBC tumbled over 9.7% after a bearish pattern and death cross recognition.
Looks like Bouncing off from the support LINE and RSI as well. A short-term pullback can't be ruled out. Might retest to 80.60 - 82.00 levels.
HUBC a short-term pullback cant be ruled out
KAPCO Hourly - BEARISH CHANNEL PULLBACKKAPCO has tested the bottom channel support at 23.52 and the price has closed below the lower Bollinger Band, suggesting a potential short-term pullback. It appears that KAPCO is currently experiencing a downturn in price. Traders and investors should closely monitor the price action and consider adjusting their strategies accordingly.
KSE 100 INDEX BUYas Pakistan stock exchange has given an access to this portal and my first analysis is on KSE 100 INDEX i see a potential buy setup to a Daily Resistance Level and the first confluence for this setup is a GAP UP opening on Monday which is buy Signal the 2nd confluence is 200 EMA which is below candles and shows that it will be a buy setup third confluence is formation of a hammer candle which also shows us a buy setup but as i know the political situations and Geo economical position of Pakistan any move could be possible if everything goes smooth we will buying this 100 index