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TRG LONG TRADETRG was in BULL RUN since March 2020 to April 21, it is trending in bullish channel since 2020, it has now bottomed out in this channel as seen in 1W chart at bottom. As seen in 1D chart it has given bullish reversal on heavy volumes on upward leg and much lighter volume on downward pullback, furthermore it has successfully created an Spring or Bear Trap which is precursor to up move. Price Action also suggests an impending uptrend since the pullback is in the form of Bear wedge which is in fact a Bull Flag that has completed its three pushes on downside. It also confirms the take off to upside BUY TRG 56-60 TP1 69.5 TP2 82.5 SL 51.1
PSX:TRGLong
by Mushtaque77
PPL PROBABLY IN WAVE '' A '' OR " B " - LONGThis is in continuation to our previous published idea in which we decided not to take buy positions due to developing geopolitical tensions which luckily was a wise decision. Now since the tensions have eased up and the bail out have been approved, the bullish scenarios have opened up again. PPL is most probably in wave C of an A or B wave which is about to get completed. Our preferred wave count suggest that we should get one more leg down towards 124-106 range marking the end of the downtrend. Alternately, if the prices start to rise and do not go below 128.56 and takes out 155, we will mark this C wave as completed. Trade setup: Entry price: 124-106 Stop loss: We are bullish on PPL long term therefore we will hold these positions Targets: will update later once price reach our buy zone Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:PPLLong
by KayJay
AKBL PROBABLY IN WAVE " B " or " C/3 " SHORTAKBL is most probably in wave C or 3 which has started or is still in wave B. As per our preferred wave count AKBL is in wave C or 3 which has started to unfold and will take the price down towards 26 - 24 range. We are already active in this trade aggressively, however the cautious way to trade this setup is to wait for a break below 33.40. Alternately, there is a possibility that we are still in wave B which can unfold with sideward movement or a break above 44.99. This setup will get invalidated once price break above 42.72. Trade setup: Entry price: 38.01 Stop loss: 42.72 Targets: T1: 26 - 25.80 range T2: 24.30 - 22.90 range Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:AKBLShort
by KayJay
HBL PROBABLY IN WAVE '' C '' OR " X " - SHORTThis is in continuation of our HBL wave count/idea shared earlier. HBL is most probably in wave C or X which will take price down towards 127-122 range area, prices are currently at a resistance level which has acted as a strong support previously therefore we are confident that it should hold and keep prices from climbing up. We will short sell HBL once price break below 146.80 level and will target 133-130 range and further down 124-122 range, however prices might reach 160 before starting its decline. Alternately if prices break above 163 then this trade setup will get invalidated. Although the risk/reward ratio is not that impressive but looking at the overall stock market momentum and geopolitical unrest, we have a little more confidence in this trade. Trade setup: Entry price: 146.80 Stop loss: 163 Targets: T1: 133-130 T2: 124-122 Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:HBLShort
by KayJay
EPQL - Swing Trade SetupThe current price action is testing the support of an ascending parallel channel. A potential pullback from the 26 level, which aligns with the channel's support, is anticipated. If the price rebounds from this level, a swing trade setup could be confirmed, with a possible target of 38. However, the MACD indicator has recently crossed over to the downside on weekly time frame, with red histograms forming. To confirm a more reliable entry point, we will await a reversal signal from the MACD indicator.
PSX:EPQLLong
by mbaberhanif