PSX
KSE 100 BULLISH OR BEARISH?KSE 100 is also bleeding as the global markets sell off. But the key indicator right now is to look at EMA 21 at weekly time frame on all big stocks and index. if we see a good bounce from ema 21 we might see volumes coming in big stocks. enjoy the show being played globally!
Continuously Making HH HL on Bigger TF.Continuously Making HH HL on Bigger TF.
It has crossed an Important Resistance around
24.90 - 25 & now it has 2 Important Support Levels;
S1 around 24.30 - 25(this seems a Stronger one)
S2 around 22
Should not Break 18 as of now.
It still has the potential to touch 30 - 31.
Play On LevelsRetested the Breakout Level around 180 - 185 &
Closed just above a Very Important fib level around
188.
But, 188 - 195 is Very Important Resistance as of now.
If 195 is Crossed with Good Volumes, 212 - 215 can be
touched initially.
Couple of Positive Weekly Candles with comparatively good
volumes may confirm HL on Monthly basis.
On the flip side, 175 - 184 is a Support Zone & also Double
Bottom around 175 - 176, so Short Term Traders may
expect a bounce from this level.
SYM Technical Analysis: Potential Bullish SetupSYM (Symmetry Group Ltd) is currently in an overall bullish trend and holding above a rising trendline. The price is currently at the Fib Golden Zone. The RSI is synced with price action, which supports the bullish outlook. In addition, there's a potential hidden divergence that could signal continued upward momentum. A possible gap fill towards 11.88 might also present a good buying opportunity.
Trading Recommendations:
Buy 1 (CMP): 15.05
Buy 2: 14
Stop-Loss: Closing below 9
Take Profit 1: 21
Take Profit 2: 26
Take Profit 3: Open
Happy trading!