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HUBC -PSX - Technical AnalysisHUBC on Daily TF is going bullish. RSI momentum indicates a steady rise and hence prices are going up. KVO also is suggesting that trend is going upwards but still the real Bull run has not begin. Weekly channel has been drawn. Once, this weekly channel is broken upwards then the real bull run will kick-in. Therefore, sensible trade plan will be to now (Buy-1) and then exist (TP-1) at upper weekly resistance line. Then if the price breaks the resistance, buy again (Buy-2). Butterfly Harmonic pattern has also been drawn which if respected by the price, then the weekly upper resistance line will not be broken. In that case price will drop to point C where a new buy can be initiated (BUY-3). LONG (Buy) Call Buy-1 : 118.20 SL 1: 102 TP-1: 137.00 Buy-2 : 140 SL 2 : 135 TP-2: 165.00 BUY-3: 103 SL 3: 93 TP-3: 165
PSX:HUBCLong
by Golden_Spur
SSGC - PSX - Technical Analysis - Fib and AB=CDSSGC is in bull run since 23 Oct 2024. KVO is suggesting a very strong buying with high volumes. RSI Indicator is almost at 82, indicating a very strong control of Buyers. Previous data analysis also suggest that RSI touched 93 level before prices went into retracement. Therefore, still there is some room for prices to go further up before retracement begins. Historically, a resistance zone is present between 41.50 to 43.61. Therefore, a retrace is very much possible after testing TP-1. Hence, drawn AB=CD pattern is also in confluence with this analysis for arriving to the TP-1. ATH (All Time High) of 54.78 is TP-2 and even beyond is possible in this bull run. SSGC is expected to be staying in Bull run till end Feb, but will depend on Dec quarterly report as well. Trade Values Buy (Mkt) : 35.89 TP-1: 41.58 TP-2: 54.78
PSX:SSGCLong
by Golden_Spur
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