SMCPL is ready to flySMCPL is in sideways and maintaining support but not breaking resistance. This green triangle is its resistance and if it could break it than fresh entry is possible. Use stop loss at below line of the triangle. TP is 27 and 30. Note: This is not a buy/sell call. Trade at your own will.
PSX
Loads could rise 65% Loads is maintaining its support level of 14.5 and it is heading to resistance of 18.3 than 22 and 25.7
Positive momentum of its hows it could cross 22 and 25 levels. As per current price 15.55 it is gain of 41.5% and 65%
Stop loss is at 14.2
Note: This is not a buy/sell call. Trade at your own will
HBL in bearish trendHBL is dropped from its support level of 169.69 and it is heading
to its stong support and psycological level of 130.
Fresh entry must be at above 170 level if it maintains.
TP 197 and 225.
If it wont maintin 170, wait for dropping to 130 levels.
If it maintain
on 130 take fresh entry, TP is 169, 197 & 225
Stop loss as per your strtegy.
Note: This is not a buy/sell call. Trade at your own will.
HCL is heading to 1000 againHCL is maintaining support of 784
Its resistance is 917 and after breaking
it could move to 1050, 1214 and 1450
levels.
Note: This is not a buy/sell call
use stop loss.
SAZEW potential Buy setupReasons for bullish bias:
- Price bounced from Fib golden zone
- Overall, a bullish trend
- Price gave bull flag pole breakout
- Fundamentally a strong company
- RSI is synched
Here are the recommended trading levels:
Buy 1(CMP): 1100
Buy 2: 1048
Stop Loss Level: Closing below 960
Take Profit Level 1: 1260
Take Profit Level 2: Open
HUBC -PSX - Technical AnalysisHUBC on Daily TF is going bullish. RSI momentum indicates a steady rise and hence prices are going up. KVO also is suggesting that trend is going upwards but still the real Bull run has not begin. Weekly channel has been drawn. Once, this weekly channel is broken upwards then the real bull run will kick-in.
Therefore, sensible trade plan will be to now (Buy-1) and then exist (TP-1) at upper weekly resistance line. Then if the price breaks the resistance, buy again (Buy-2).
Butterfly Harmonic pattern has also been drawn which if respected by the price, then the weekly upper resistance line will not be broken. In that case price will drop to point C where a new buy can be initiated (BUY-3).
LONG (Buy) Call
Buy-1 : 118.20
SL 1: 102
TP-1: 137.00
Buy-2 : 140
SL 2 : 135
TP-2: 165.00
BUY-3: 103
SL 3: 93
TP-3: 165
ILP potential Buy setupReasons for bullish bias:
- Price formed double bottoms at strong support level
- Overall, a bullish trend on daily
- Bullish divergence
Here are the recommended trading levels:
Buy 1(CMP): 71.7
Buy 2: 67.2
Stop Loss Level: Closing below 61
Take Profit Level 1: 78
Take Profit Level 2: 85
DGKC potential Buy setupReasons for bullish bias:
- Price gave a bullish closing above the weekly support level
- Price bounced from fib golden pocket
- Price gave downward trendline breakout
- AB = CD pattern can be seen, if price give resistance (also TP1) breakout, then next target can be considered at point D(approx. 105)
- Overall a bullish trend on daily
- Bullish divergence
Here are the recommended trading levels:
Buy 1: 87.03 (CMP)
Buy 2: 81.5
Stop Loss Level: 72.04
Take Profit Level 1: 96.5
Take Profit Level 2: Open
Happy Trading