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...
GTYR Printed a Bullish Flag with no signs of Divergence. A bullish trend continuation is expected, entry is suggested on the breakout of pole with stop loss on previous Higher Low.
PSO:PSX printed a rising wedge pattern followed by a bearish divergence suggesting a Bearish Shift. Shorting is recommended as per the levels mentioned in the chart.
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...
PIBTL - Currently trading in a falling wedge, likely to test the BO point @ 6.50. On a break above the price could extend gains towards 8.00 - 9.20 levels. Buy with risk defined below 5.66 levels.
PSO - Trading in a post-breakout continuation. watch out the rectangle BO zone. Targeting: 200+
PAEL trading in a triangle pattern, watchout the breakout zone of a triangle. Targeting: 27 - 31 - 33 - 38 - 40 SL: 21.50
ATRL Bullish Flag Breakout Continuation ATRL - BULLISH FLAG BREAKOUT CONTINUATION TARGETING 275/-
KAPCO 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.
HBL - Correction looks completed and the stock is anticipated to resume the uptrend. The breach beyond 102 will confirm the resumption of the uptrend. The predicted target lies within the 106 - 108 range, while the protective sell stop should be placed below 95.
AIRLINK - GoldenCross Spotted The bullish trend may continue in days ahead, targeting 29 -30 initially.
BIPL - Generating a bigger move on Charts! ▪️ Golden Cross spotted which indicates a long trend in days ahead. ▪️ Indicators are Bullish. Immediate Support @ 16.50 ▪️ Targeting: 19.86 - 20.80 - 22.00
#BGL - HIGHER HIGH AND HIGHER LOW!! ▪️Resuming the uptrend after a 17% decline. ▪️ Stock likely to test the 1-Y Long Upper channel resistance Area b/w @ 13.88 - 14.60 ▪️Key resistance @ 12.75.
USDPKR is closely following USDLKR before the Sri Lankan Rupee hyperinflated in April 2022. Below USDLKR can be seen creating a pattern in 2020 and 2021 very similar to what FX_IDC:USDPKR has been doing in the last year. Here is what happened after Sri Lanka defaulted, and FX_IDC:USDLKR went from 200 to 360 in a matter of days Given the above...
Price action has given breakout from the bullish pennat pattern and it is likely that price will complete its price projection. Fib levels also indicating importance of pennat price projection as projected price is lying on the fib 2.0 level
Simple long term support on the monthly suggests bounce to top of the megaphone pattern. Good time imo to be present in gold, or simply diversify holdings.
By observing clear patterns of significant increases compared to the corrections its clear that dollar rate may get stabilize in the near future but it would be difficult for dollar rupee pair to go below 200 anytime soon. PS: its monthly chart which indicates long term behavior.
watch for support line it can act as a trend reversal.