Bullish on Monthly TF.Bullish on Monthly TF.
Though HL Confirmed on Bigger TF but Important
to Cross & Sustain 730 & if this level is Crossed with
Good Volumes, we may witness 770 - 775 initially.
On the flip side, 640 - 645 may act as Immediate
Support.
It should not break 608, otherwise we may witness
more Selling Pressure towards 550 - 570.
No Bearish Divergence Yet!Bullish on Monthly TF.
Though HL Confirmed on Bigger TF but Important
to Cross & Sustain 730 & if this level is Crossed with
Good Volumes, we may witness 770 - 775 initially.
On the flip side, 640 - 645 may act as Immediate
Support.
It should not break 608, otherwise we may witness
more Selling Pressure towards 550 - 570.
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.
SSGCA rising wedge or ascending channel is forming.
A descending channel target is marked at 25.80 PKR in case of a breakdown.
Key Price Levels & Trade Strategy:
Safe Buying Zone: Above 39 PKR if sustained.
Take Profit (TP) Levels:
First TP: 44.40 PKR
Second TP: 48.25 PKR
Long-term TP: 50 PKR (if a bullish divergence forms and price breaks upward).
Relative Strength Index (RSI): Displayed below the price chart.
RSI appears to be declining after a peak, which could indicate a potential pullback or consolidation.
Interpretation:
Bullish Scenario: If the stock sustains above 39 PKR, it could rally toward 44.40 PKR and 48.25
Bearish Scenario: If it fails to sustain and breaks below support, it could drop towards 25.80
Buy HCARHCAR after completing its Elliott Wave cycle in December 2023 has gone into complex correction. First phase of correction completed with type ABC Irregular Failure following all rules both price and time-wise. Now it is forming its second phase of correction with contracting triangle. It has fulfilled its criteria for formation of e-wave. It can start its trending move any time at the levels 289-278. However, there are also chances that e-wave may go further into formation of another small triangle. In that case, this small triangle will be formed without affecting price level to the down-side. It is matter of time only that HCAR may start its upward move towards 417. BUY @ cmp is recommended.
HIN00NThe chart indicates a bullish sentiment, but confirmation is needed with a breakout above 945.
If the price holds above this level, it could move toward the 985 PKR target.
ABOTBullish Divergence:
The Relative Strength Index (RSI) at the bottom of the chart shows bullish divergence
This indicates potential upward momentum or trend reversal.
Safe Buying Zone:
The analyst suggests that buying is relatively safer near the lower boundary of the channel, where support has been confirmed.
Target Price (TP 11250):
The expected price movement is shown with an arrow, indicating a potential upward move towards the target price of 1,250 PKR.
135 - 145 Important Resistance ZoneImmediate Important Support lies around 125 - 128.
However, 135 - 145 is a Very Strong Resistance.
So Fresh Position is recommended either once
this level is crossed or at a Proper Support around 123-128
& then around 112 - 115
If it breaks 118, we may see more Selling pressure.
MLCF AS PLANNEDMLCF respected all the level and did exactly as marked. I was just going through my previous analysis and just looked at this amazing chart. thought to share with you! look at the patterns and the perfect breakout retest strategy I mostly play with.
FFL THE PERFECT SETUP REVIEW AS DEFINED FFL tested the same key levels which I find through secret price action and institutional order flows. I don't want to repeat you can just look at the chart and its beauty.
FABL | Bullish Pennant PatternAccording to its price action, FABL is currently testing 200-day EMA and forming bullish pennant pattern which need a break out. Offering a strategic entry opportunity for long positions. On the flip side, short term resistance levels are 50.97, 53.84 and 56.21 and pennant pattern projection lies around 77. Price reversal if it breaks moving average and stop loss level is 40.
HINOON: Flag and Pole pattern on 1D TF. Potential rally likelyHINOON is in uptrend printing HHs and HLs on 1D timeframe. Recently the chart has formed a Flag and Pole pattern. It is likely that break of previous LH (941.62) shall result in another rally that may take the price upto level of 1207.30. SL is placed below lowest point of the flag (831.72).
It is pertinent to mention that previous all time high of 1,000.00 may act as a major resistance and we may need to be careful for any reversal indications at this point. However, at this point there is no apparent indication of reversal from current price level.
TPs may be broken as per following:
TP1=1051.52
TP2=1161.42
TP3=1207.30
Still Good to Go..as Mentioned in Yesterday's Video,
it Hit 430-435 range and closed around 420.
Stoploss for Now 398
It may hit 450 and then 460
Positive Monthly Closing is ImportantMonthly Closing above 191.10 will trigger more
positivity.
It may touch 200 - 210 initially.
Morning Star Formation Expected on Monthly tf,
and may target 215 - 216
SNGP due for another rally on 1DSNGP is in uptrend and is printing HHs and HLs on 1D timeframe. Recently, between Jan & Mar 25, it has formed a cup and handle pattern indicating another rally upon breaking of resistance area 113.09-115.34. There being no negative indication on RSI, I would put my Buy Stop on break above 115.34. The potential target is 145.08. SL is placed under the handle at 108.01.
Recommended booking of TPs is:
TP1=122.67
TP2=130
TP3=137.33
TP4=145.08
Good luck.
PABC | Formation of CUPThe stock displays a cup pattern on strong volume, trading confidently above both the 20 and 200-day EMAs, suggesting robust upward momentum. Previous session candle was bullish and need pull back for taking a long position near 130 level for the approach of its neck line resistance near 144. Use a stop loss at 123 to manage your risk.
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!
Play on LevelsImmediate Important Support lies around 125 - 128.
However, 135 - 145 is a Very Strong Resistance.
So Fresh Position is recommended either once
this level is crossed or at a Proper Support around 123-128
& then around 112 - 115
If it breaks 118, we may see more Selling pressure.
No Bearish Divergence so far.No Bearish Divergence so far.
Monthly Closing above 392 would be
a Healthy sign.
It will close as a Morning Star.
On Daily TF, 430 - 435 can be touched easily.
but the real story will start once 465 is
Crossed & Sustained; it may then 500+
SAZGAR ENGINEERING WORKS LIMITED (4H, PSX):Sharp bullish move followed by downward sloping consolidation is showing a classic bullish flag on SAZGAR ENGINEERING WORKS.
according to the RSI value which is still lower than 50 percent, the traders and investors should wait for the breakout above 1119.24.
RSI = 43.56: Indicates weak momentum; not yet bullish. as the momentum and volumes are still low.
