Get started
MARI Technical Analysis: Potential Buy Opportunity MARI presents a compelling buy setup. The stock is in a confirmed uptrend, recently bouncing off a key trendline within the crucial 0.618-0.78 Fibonacci retracement zone, a key area of support. A bullish inverted hammer candlestick, followed by another positive candle, formed at this level, suggesting renewed upward momentum. The RSI confirms this bullish sentiment, aligning with the price action. Recommended entry points are at the current market price (583) and a secondary level at 484.16. A stop-loss below 378 on a closing basis is recommended for risk management. Target profit levels are 716, 880, and an open target for potential further gains. Happy trading!
PSX:MARILong
by TradeWithParas
SGF - LONG Price Action & Indicators: Current Price: PKR 98.20 (-0.38, -0.39%) Moving Averages: MA (21): PKR 96.29 MA (200): PKR 76.50 The short-term moving average (21) is above the long-term moving average (200), indicating an uptrend. Volume: 83.7K Pattern Analysis: The price seems to be forming a bullish consolidation pattern, with clear indications of higher lows and resistance levels being tested. The LuxAlgo Master Pattern Indicator outlines potential price movement scenarios: If price breaks the consolidation zone, there is an upward target of approximately PKR 131.25. A short-term pullback to retest support around PKR 90.00 is possible before an upward move. RSI Divergence: RSI Value: 58.08 (neutral-to-bullish zone). Multiple RSI divergence signals marked with "Bear" and "Bull" labels: Bullish divergences in mid-2023 and late-2024 signaled prior uptrends. Bearish divergences appeared during corrections, notably in July 2023 and October 2024. Current RSI momentum suggests potential for further upward movement, as it is not overbought. Support and Resistance Levels: Key Support Zones: PKR 90.00 (recent consolidation support). PKR 76.50 (200-day MA). Resistance Levels: PKR 100.00 (psychological and horizontal resistance). PKR 131.25 (projected upward target). Conclusion: The chart indicates a bullish outlook, with consolidation providing a base for a potential breakout toward PKR 131.25. However, traders should monitor the RSI, volume trends, and critical support levels around PKR 90.00 for potential pullbacks before an upward move.
PSX:SGF
by dove8141
PSO OPERTUNITIESKey Observations: Price Levels and Support/Resistance: Current Price: The price is currently at 379.01 PKR. Support Levels: Major support is visible at 375.42 PKR, marked in blue. Below that, there’s another potential zone near 372 PKR. Resistance Levels: Key resistance appears around 382.77 PKR. Another significant resistance lies at 389.67 PKR, with the next level at 403.95 PKR. Moving Averages: The chart features two moving averages: Green (Longer-term MA, possibly 200-period): Indicates a downward trend as the price is below this moving average. Orange (Shorter-term MA, possibly 21-period): This MA shows a more reactive trend but is currently sloping downward, suggesting short-term bearishness. Indicators and Tools: LuxAlgo Patterns: The chart includes LuxAlgo's supply and demand zones: A highlighted demand zone (red shaded region) suggests buyers' interest around 372 PKR. The supply zone above 389 PKR shows selling pressure in that region. Volume: Increasing volume spikes during drops indicate selling pressure. Overall Trend: The price has been in a downtrend, indicated by lower highs and lower lows. However, recent price action near support levels shows potential consolidation.
PSX:PSOLong
by dove8141
OGDC - PSX - Buy Trade CallOGDC has been sideways after making a HH and even broke its regression channel. It has now made a bullish hidden divergence on RSI. Although KVO is still down but it is anticipated to gain momentum due to good news coming up from OGDC management. Trade Values: Buy-1: 214 (Current Market Price) Buy-2: 209.00 ~ 209.50 (on dip) Buy-3: 237 (Technically a correct entry for those who wants to wait to establish bull run.) SL: 189 TP-1: 235.35 TP-2: 255.38 TP-3: 270.21
PSX:OGDCLong
by Golden_Spur
NRLA "double bottom buy stop" strategy is a trading approach based on technical analysis. It involves identifying a specific chart pattern known as a "double bottom," which consists of two consecutive troughs at approximately the same price level separated by a peak. The strategy entails placing a buy stop order above the peak that separates the two bottoms. This order is triggered if the price surpasses that level, indicating a potential bullish reversal. Traders often use additional tools and indicators to confirm the pattern and manage risk effectively.
PSX:NRLLong
by B9A-88652-NisarAhmad