KEL LONG TRADEKEL is trading in a range of 3.60-6.30 since Jan 2024.
Recently, it has take support from Strong Demand Zone at the bottom of the Trading Range and has given reversal upwards which is validated by Volume Distribution.
As per simple concept of trading in a range " Buy Low Sell High ", appropriate Buying and Selling Levels are given below.
Targets having been calculated from overlying Bearish Order Blocks/ Supply Zones
KEL is expected to reach its upside targets of the range but it might some time.
๐จ TECHNICAL BUY CALL โKARACHI ELECTRIC LTD (PSX: KEL) ๐จ
๐ฏ BUY ZONE: Rs. 4.00-4.20
๐ TP 1: Rs. 4.90
๐ TP 2: Rs. 5.80
๐ STOP LOSS: Below Rs. 3.60 (Daily Close)
๐ RISK-REWARD: High Conviction | 1:3+
Caution:
Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
INIL LONG TRADEINIL was in downtrend from Jul-Nov 2024.
Since then it is i WYCKOFF Accumulation Zone, having completed AR, PS events and successfully carried out Spring below Major Support and Inducement Level. It has given reversal with validation through required Volume Distribution.
Targets having been calculated from overlying Bearish Order Blocks/ Supply Zones
Steel will be one of sectors to perform exceptionally in pre-budget rally.
๐จ TECHNICAL BUY CALL โINTERNAL INDUSTRIES LTD (PSX: INIL) ๐จ
๐ฏ BUY ZONE: Rs. 140-150
๐ TP 1: Rs. 180
๐ TP 2: Rs. 220
๐ STOP LOSS: Below Rs. 130 (Daily Close)
๐ RISK-REWARD: High Conviction | 1:3+
Caution:
Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
ATRL LONG TRADEATRL was in WYCKOFF Re-Accumulation Zone for six months APR-OCT 2024, giving breakout in OCT 2024 and plotted a high of 770, followed by corrective downward channel. Currently, it has completed all requisite events like TOB (test of breakout), reversal in the form of Inverted Head and Shoulders Pattern. Refinery will be one of sectors to perform exceptionally in pre-budget rally.
๐จ TECHNICAL BUY CALL โATTOCK REFINERY LTD (PSX: ATRL) ๐จ
๐ฏ BUY ZONE: Rs. 590-610
๐ TP 1: Rs. 680
๐ TP 2: Rs. 750
๐ STOP LOSS: BELOW Rs 550 (Daily Close)
๐ RISK-REWARD: High Conviction | 1:3+
FFL SHORT TRADEFFL previously completed its uptrend which lasted from JAN 2023 to JAN 2025.
Since then, it is trading in Downtrend channel, it is being rejected by Major Bearish Order Block/ Supply Zone between 16-17.
It seems to have no support before Breaker Block underneath at 11.80
Volume Distribution supports further downfall in the price..
๐จ TECHNICAL SHORT SELL CALL โFFL๐จ
๐ฏ SHORTSELL ZONE : 15.2-16.2
๐ TP 1: Rs. 13.9
๐ TP2 : Rs. 11.7
๐ STOP LOSS: Above Rs. 17 (Daily Close)
๐ RISK-REWARD: High Conviction | 1:3
ISL Buying StrategyHere's a breakdown of the trading strategy for ISL stock:
Trading Strategy:
- *Breakout Confirmation:* Successful breakout above a certain level (not specified)
- *Buying Strategy:*
- Buy around: Rs. 81-77
- Stop Loss: Rs. 73
- *Targets:*
- 1st Target: Rs. 87
- 2nd Target: Rs. 100
- *Further Action:*
- Hold the stock if it sustains above Rs. 100
- Use trailing stop loss to lock in profits
Key Considerations:
- *Risk Management:* Setting a stop loss at Rs. 73 limits potential losses
- *Profit Booking:* Targets at Rs. 87 and Rs. 100 provide clear profit-booking levels
- *Trailing Stop Loss:* Adjusting the stop loss as the stock price moves up can help lock in profit
GGL LONG TRADEGGL completed Wyckoff Accumulation Phase from Jan-Nov 2024 and gave a blasting breakout, followed by a complex correction afterwards. Currently, it has made a SPRING by sweeping liquidity below Inducement Level and published a HL on 1H.
๐จ TECHNICAL BUY CALL โGGL๐จ
๐ฏ BUY ZONE: 13.7-12.9
๐ TP : Rs. 15.8
๐ TP : Rs. 16.9
๐ STOP LOSS: Rs. 11.6 (Daily Close)
๐ RISK-REWARD: High Conviction | 1:3
AISHA STEEL (ASL) LONG TRADEASL was in WYCKOFF Accumulation Zone for an entire year, giving breakout in Dec 2024 and plotted a high of 13.42, followed by corrective downward channel. Currently, it has completed all requisite events like TOB (test of breakout), reversal, plotting a HL and BO from the downward channel. Steel will be one of sectors to perform exceptionally in pre-budget rally.
๐จ TECHNICAL BUY CALL โAISHA STEEL (PSX: ASL) ๐จ
๐ฏ BUY ZONE: Rs. 10-11
๐ TP 1: Rs. 12.8
๐ TP 2: Rs. 13.7
๐ TP 3: Rs. 15.74
๐ STOP LOSS: Rs. 8.65 (Daily Close)
๐ RISK-REWARD: High Conviction | 1:3+
PNSC LONG TRADEPNSC was in long accumulation from Dec 2023 to Oct 2024, then gave breakout and made a high of 519. Since then it has been in downward corrective channel.
Now it has given long awaited reversal followed by breakout from its downtrend channel which has been validated from volume distributions & creation of spring on axis line.
๐จ TECHNICAL BUY CALL โ PNSC ๐จ
๐ฏ BUY ZONE: Buy in two parts
BUY1 @CP 313
BUY2 290-300
๐ TP 1: Rs.350
๐ TP 2: Rs. 422
๐ TP 3: Rs. 518
๐ STOP LOSS: Rs. 233
๐ RISK-REWARD: High Conviction | 1:4+
LIVEN PHARMA LONG TRADELiven Pharma was listed in PSX in Dec 2024, and gave a technical spike with 350% gain in just under 30 days, touching sky limit of Rs. 242 price. After a correction expanding to five months, it gave reversal after touching low of 50 on charts, made a HL and is ready to breakout its downward channel. The volume distribution indicates avidity of Smart Money into Liven Pharma script. Accumulation is visible. Smart Money is positioning. Technicals are aligned. This is a high-reward breakout setup.
๐จ TECHNICAL BUY CALL โ LIVEN PHARMA (PSX: LIVEN) ๐จ
๐ฏ BUY ZONE: Rs. 60-70
๐ TP 1: Rs. 86
๐ TP 2: Rs. 101
๐ TP 3: Rs. 118
๐ STOP LOSS: Rs. 62 (Daily Close)
๐ RISK-REWARD: High Conviction | 1:3+
TRG LongTRG has made a perfect bullish harmonic pattern where it has retraced to exact 127.2% of its last top and now will move till 161.8% of its all-time high which is nearly 295. This is not a buy/sell call, its just my own analysis and you may disagree. However, I'd urge you to study bullish and bearish harmonic patterns which are not so common in Pakistani market but some international players often run a stock through this pattern. Similar patterns can be noticed in GHNI and GAL as well.