ISL-MonthlyOn the monthly chart 102, the bullish channel top and horizontal resistance confluence are at the top. Closing above will unfold the next levels
HCAR - Long PositionABCD can be followed. Medium term target is Rs.500.
Short-term targets are given on the chart.
CSAP, Bullish Pennant to fuel further rallyA bullish pennant has formed in CSAP and it' s likely to test resistance line from its ATH.
BATABATA is forming cup pattern, neckline resistance lies around 2,490, after reaching it can form its handle, upon break out price can test 3,000 which considered be the target.
Recently made a HL on Daily TF.Recently made a HL on Daily TF.
However, Bullish Momentum will continue once
the price will cross 52.
43 - 44 may act as an Immediate Support, & if
it Sustained on Weekly basis, we may witness
50 again.
But if 41 is broken, it may expose new lows
around 36 - 37.
Still Bullish on Bigger Time Frames.
Bullish Engulfer on Daily TF; however needs
to Struggle on Weekly basis.
Tested 61.8% fib of Recent Rally.
It should go & test 850 - 900 & once
901 is Crossed & Sustained, we may witness
New Highs.
If it breaks 575, further Selling Pressure would
be seen then.
Still have Potential ...?Today it Capped & later it Lower Locked.
Picture will be more clear upon Weekly
Closing.
CLOV-BULLISH PEANUTbuy it at 38-40 rs and hold it upto target its in bullish peanut weekly timeframe
Stock is Bullish on Monthly TF.Stock is Bullish on Monthly TF.
However, 18 - 18.20 is a Strong Resistance Zone.
& if this level is Crossed & Sustained, 21 - 21.50
is on the cards.
Sustaining 22 with Good Volumes, will lead it
towards 26 and then 36.
Immediate Support Zone is around 14.10 - 15.
However, it should not break 12.
HUBCDescription: The upper trendline is flat, while the lower trendline slopes upward.
Implication: This pattern suggests bullish continuation, where the price is likely to break above the flat upper trendline.
Buyers are getting stronger, as evident from higher lows.
Resistance at a certain level creates a horizontal line.
Bullish on All Time Frames.
Bullish Divergence on Monthly Basis.
Falling Wedge Pattern on Weekly TF.
Crossing & Sustaining 14.70 may lead it
towards 18.30 - 19.50 initially.
11 is an Important Level that should not
be broken.
DGKC PSX IDEABased on previous bull run and support and resistance, DGKC looks good for long-term investment.
FABL PSXFABL is in good area to buy below 50 and target is 60+, SL and target are beautifully defined on the chart as shown.
MFFL - PSX - Technical Analysis Bearish Cypher Harmonic PatternMFFL on daily TF, price has started to move downwards. It is following Cypher pattern and 93% chances are that it will follow it till price drops to 193~195. Additionally, RSI has also dipped close to 60 level and still going downwards. KVO also is dipping downwards but still above zero line; as soon as Blue line downwards crosses Green line price will start to drop sharply. If KVO dips below zero then selling pressure will be enormous.
Therefore, a cautious approach should be followed while getting in to it.
My recommendations would be to buy at dip of 193 and that too after analyzing it again as it may even slip to 120~130.
Alternatively, buying after it crosses 290 will be better approach as then it will be in the next bull run leg. TPs are calculated on Fib based Ext tool.
Trade Values have been marked on the chart.
ISL - Long positionSort of a cup and handle pattern formed.
First Target is Rs 105
Pattern Target is Rs 113-117.
Steel sector is not a great sector from an investment point of view considering the nature of the business; however, in a bull market, you can expect great results.
