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EPCL Shows Bullish Reversal Potential with MACD Crossover & EMAThe daily chart of EPCL indicates a potential bullish reversal. The price recently rebounded from a low near 28 and is now trading at 30.50, showing signs of recovery. The MACD indicator is on the verge of a bullish crossover, suggesting increasing upward momentum. The immediate target (TP1) is 32.50, which aligns with the 20-day EMA, while the second target (TP2) is set at 37.00, corresponding to the 200-day EMA. These levels represent 8.33% and 23.33% potential gains, respectively, and may serve as key resistance levels in the short to medium term.
PSX:EPCLLong
by mbaberhanif
DGKC | Is This Cup & Handle Pattern?Here we have a classic pattern and price dynamics. A major high leads to a low and then a recovery wave. The recovery wave peaks before reaching the previous high and this reveals that a new drop is approaching. Trading volume is low on the current rise and the latter part of it goes into a parabola. A parabola can only end in a retrace. DGKC is now set to produce a correction, this correction is set to develop in the short- to mid-term. RSI indicator if at over bought level while MACD is line is above the signal line, and can show a cross over which establish some negative stance on the price. Fibonacci levels for the support are PkR123 (0.382 level) and PkR119 (0.5 level) from where a pull back can be expected On the flip side, if the price gives a break out and closed above PkR137 level then only new bullish wave is expected.
PSX:DGKCShort
by mbaberhanif
CNERGY | Rising Wedge & Bearish Divergence!Two sign of danger Rising Wedge Pattern and Bearish Divergence with Volume indicator Rising Wedge Pattern: Characteristics: Converging trend lines with higher highs and higher lows, narrowing range. Interpretation: Bearish reversal pattern, weakening buying pressure. Trading Strategy: Short selling after break below lower trend line, set stop-loss above upper trend line. Confirmation: Decreasing volume and other indicators like RSI or MACD can add to bearish implications. Bearish Divergence with Volume: When you see a price increase accompanied by decreasing volume in technical charts, it's often considered a bearish sign. Weakening upward momentum: Decreasing volume during a price increase can indicate that the upward momentum is losing steam. This could be due to a lack of buyers or interest in the stock at current prices. Potential reversal: A price increase on low volume might suggest that the trend is about to reverse. If there's not enough buying pressure to sustain the price increase, sellers might step in, causing prices to drop. False breakout: Decreasing volume during a price increase can also indicate a false breakout. If the price breaks out above a resistance level on low volume, it might not be a genuine breakout, and prices could fall back below the resistance level.
PSX:CNERGYShort
by mbaberhanif
ZAL Trade Plan – Strong Fundamentals & High Growth PotentialCompany Overview: ZAL is fundamentally one of the strongest companies in the market, showcasing impressive growth driven by increasing sales and expanding profit margins. The company is actively scaling its operations, which sets the stage for even greater future earnings. Given its solid financials and business expansion, ZAL holds significant potential for capital appreciation. Growth Outlook: With a strong earnings trajectory and business development initiatives, the stock price has the potential to generate gains of 40–70%, depending on the size of the upcoming rally. ✅ Trade Setup Entry Options: Breakout Entry: Buy on a confirmed breakout with closing above Rs. 17 Dip Entry: Buy between Rs. 15.20 – 14.50 (ideal accumulation zone) , CZ it will form the right Shoulder of Head and shoulder Pattern Risk Management: Stop-Loss: Rs. 13 (to manage downside risk) Take-Profit Levels: TP1: Rs. 16.50 TP2: Rs. 19.00 TP3: Rs. 22.00 TP4: Rs. 24.00 📌 Note: Follow proper risk management and position sizing based on your portfolio. Monitor price action and volume closely around the breakout level for confirmation.
PSX:ZALLong
by Earn_withHassaan