PSX
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!
Bearish Divergence has started appearing but...Bearish Divergence has started appearing
on Weekly TF but not yet on Monthly, so
a pressure might be seen around 116 - 117.
& Sustaining this level will expose 135 - 138 targets.
On the flip side, 101 - 109 may act as a Good
Support zone in case of pressure.
PAEL - THE BEST SETUPPAEL has always been my favorite stock as it plays very well on price action and technical.
Right now the trending accumulation has ended and its time for a move.
if we take the simple and basic previous demand copy. It gives the target of 60 which everyone is expecting. but there might be some trick played to take out the retails. so be careful around 55 and 59 level you might see the trend slowdown in short term due to divergence on RSI.
right now if you want to accumulate more wait for the intraday retest levels around 46 to 44.
I HAVE ALREADY ENTERED THIS SETUP AROUND 43.
THE TAKE PROFIT IS 55 AND THEN 58 TO 59 ACCORDINGLY.
Still Bullish on Bigger Time Frames.Still Bullish on Bigger Time Frames.
Hidden Bullish Divergence has appeared.
Immediate Resistance lies around 186 - 189
Crossing this Level with Good volumes may
expose 197 - 200
Fresh Entry should be Triggered if 205 is Crossed
& Sustained; only then it may resume its Uptrend.
Some Positivity Seen...0.5% Fib level retracement &
Also, Confirmed HL around 29 - 30.
Important Support lies around 32.50 - 34.70
Should not Break 29, otherwise, we may witness
further Selling Pressure.
If 36.30 is Sustained, we may witness 38 - 38.50
which is again a Strong Resistance.
Stock will be in uptrend again if is Sustains 38.50
& it may hit 49 - 50 again. Also because , it seems
as now it is Re-testing the Breakout level around 34.50 - 35.
Bullish on All Time Frames; butBullish on All Time Frames; but
Strong Resistance lies around 12 - 12.20
Those who are Holding, Must Trail their
Stoploss to 10.30 (at least)
Though there is Hidden Bullish Divergence, but
Strong Resistance is lying ahead.
Those who want to Take Fresh Entry, should
wait for 12.20 to Sustain.
One thing to note is a Bearish Divergence on
Daily TF. But since this is on Daily TF, so slight
Pressure may bring buying Opportunity (as long as
it stays above 8.)