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GAL - PSX - Tech AnalysisGAL has been moving up very sharply. After crossing the previous all time high now has established a support zone above it (365~375). Price has appreciated in one stretch quite a bit, therefore, I expect a retracement as well. So price may drop to 383 or even lesser. RSI and KVO both are supporting a continuation of bull run. TPs have been calculated on the basis of Fib Ext tool. My trade values:- Buy-1 (Mkt): 406.48 Buy-2: 375~365 (if drops) SL: 360 TP-1: 448 TP-2: 496 TP-3: 535
PSX:GALLong
by Golden_Spur
PSX- Analysis of Fauji Foods LtdTechnical Observations: Harmonic Pattern: The chart depicts an ABCD harmonic pattern with the price currently at point C. Point A: 12.20 Point B: 19.80 Point C: 15.10 (0.618 Fibonacci retracement of AB) Target D: 23.94 (Fibonacci extension of AB). Fibonacci Levels: Key Support Levels: 16.00 (0.5 retracement), 15.10 (0.618 retracement), and 13.83 (0.786 retracement). Resistance Levels: 18.00 (0.236 retracement) and 21.00 (recent high). Volume: Increasing volume at C suggests potential reversal and accumulation near this support level. RSI: The RSI shows a recovery from oversold levels, indicating bullish momentum. Trendline: Price is respecting an upward trendline from point A, supporting a bullish bias. Trade Plan Entry Strategy: Buy Zone: Enter near the current price of 17.58 or on a pullback to 16.90–16.00 for a better entry. Target Levels: Primary Target (TP1): 19.80 (point B and resistance). Secondary Target (TP2): 21.00 (recent high). Final Target (TP3): 23.94 (point D, harmonic completion). Stop-Loss: Place the stop-loss below 15.00 (0.618 retracement), ideally at 14.50, to account for market volatility. Risk-Reward Ratio: Risk: ~3.08 points (17.58 - 14.50). Exit Strategy: Partial Profit Booking: Close 50% of the position at TP1 (19.80). Trailing Stop: Move the stop-loss to breakeven after TP1 is reached.
PSX:FFLLong
by sarfraz-hussain
PSX - NETSOLTrade Plan 1. Entry Strategy Buy Zone: Enter near the current price (158.19) or wait for a retest near 148.86 (0.5 Fibonacci retracement of AB) for better risk-reward. 2. Target Levels Primary Target (TP1): 173.00 (recent high and psychological resistance level). Secondary Target (TP2): 190.06 (ABCD pattern completion). 3. Stop-Loss Place the stop-loss below the 0.786 retracement level (135.27), ideally around 132.00, to account for volatility. 4. Risk-Reward Ratio Risk: ~26 points (158.19 - 132.00). Reward: TP1: ~14.81 points (173.00 - 158.19). TP2: ~31.87 points (190.06 - 158.19). R:R Ratio: To TP1: ~1:0.57. To TP2: ~1:1.22. 5. Position Sizing Use a position size that risks no more than 1-2% of your trading capital. 6. Exit Strategy Partial Profit Booking: Close 50% of the position at TP1 (173.00). Trailing Stop: Move stop-loss to breakeven after TP1 is reached. 7. Risk Factors Market sentiment or news affecting PSX stocks. Broader market trends impacting the technology sector.
PSX:NETSOLLong
by sarfraz-hussain