More Potential...Hidden Bullish Divergence on Daily TF.
Potential to move upside around 250 - 270.
However, breaking 185 will bring more
selling pressure.
OGDCOGDC making HHs and HLs, initial resistance lies around 236 which consider the initial target and upon break out next resistance lies around 280.
Breakout retest possible...Weekly Breakout was Triggered around 370 - 375.
Best Buying Opportunity would be if it comes to
re-test the Breakout level.
Immediate Supports can be around 410 - 412,
390 - 392 & then the Breakout Level (around 375).
Immediate Targets can be around 520 - 525.
However, 297 should not be broken.
OBOY looks good to buyBuying in OBOY could be possible if it maintains support of 10.5, Stop loss is 9.4 and TP is 11.7 and 13.75, In long term investment it could cross 100 level.
Note: This is not a buy/sell call, trade at your own
will.
Refrain from trading in HINOAfter making Bearish divergence on daily time frame. the stock is likely to restest its breakout trendline and hopefully consolidate in 336-340 range for another bull ride.
SYS - PSX - Technical AnalysisOn daily time frame, price after defining a Higher Low of bull cycle is going up. A hidden bullish divergence has also played indicting that trend will continue. KVO also suggest that bull run is still on. TPs have been set using Fib.
Trade Value:
Buy CMP: 599.78
TP1: 679
TP2: 716
SL: 520
ImageImage breaking out to all time highs. Leading the way as other big textile companies are yet to breakout.
GLAXO - PSX - Technical AnalysisGLAXO on Daily TF is moving up in a parallel channel, and presently at the support of channel. RSI has a bearish divergence present. Moreover, since 28 Oct 2024, KVO was in a bullish state but today on 09 Dec 2024 it has changed to bearish as it has dipped below zero level indication a likely retracement. Fib retracement up till 38.20% will be very good to define a prominent HL for the next leg of AB=CD pattern. Even retracement up to 50% can not be ruled out.
My Trade Values
Buy-1: 333
Buy-2: 310
TP-1: 455
TP-2: 531
SL: 287
In case price goes up from here taking support from the parallel channel then it will go up to hit TP-1 and then retrace to make at HL and then next leg of AB=CD pattern will begin whose Target should be TP-3.
KELAB=CD pattren play beark B point and retracment complete at fib level 0.50%
buy 5.32
SL 3.53
TP 8.07
Making HH HL on Daily TF.
38.30 can be an Immediate Support level.
However, 35 - 37 is still an Important Support zone.
On the flip side, 41 - 42 is the immediate
Resistance. Ultimate Targets can be around 50.
30 should not be broken, otherwise we may
witness Trend Reversal.
SpelAnother cyclical stocks to benefit from lower interest rates. Retraced perfectly from all time highs.
It's in a good risk to reward position
The BFBIO (BF Biosciences Limited) 1-day chart on the PSXKey Levels
Buy : Enter the trade if the price moves to fib levels between 167 to 148.
Stop Loss: Set at 145 to minimize potential losses if the pattern fails.
Take Profit (TP) Levels: 251.50 (All-time high)
Trading Strategy
Entry: Buy when the price (around 165 to 148).
Stop Loss: Place a stop loss at 145 to protect against potential downside.
Take Profit: Set a take profit level at 251.50 to capture potential gains.
Beautiful Bullish Engulfer on Daily TF.Beautiful Bullish Engulfer on Daily TF.
61.8% fib retracement done around 90.50 - 91
Stock is Still Bullish on Bigger Time Frames.
If 96 is Sustained, we may easily wintess an
upside around 103 - 105 initially.
SNGP BullishSNGP bounced back from Golden Zone 92.22 and expected to go up and its first target is 110
POl Bullish In PSX POL ( Pakistan Oilfields Limited) iss touching and closing above trendline.
Wee are still bullish in this scrip with first target of 699.
Even though its Quarterly result was not up to the mark but it is still very strong scrip.
Bullish.
APL Bullish APL bounced from Golden Zone 486
First Target can be 568 if it breaks the Retracement Orange Line.
ATRL: First Target: 900ATRL: First Target: 900
TP2: 1134
ATRL boucned back from Golden Zone and stayed there and closed at 694.
First Resistance :
is 788. If it breaks and close above then it might go to 900 Fist TP
AICL, Weekly Resistance BrokenBullish Triangle Breakout
projected target complete
weekly resistance broken
resistance retest expected
consolidation and new highs expected
