NETSOL hasn't achieved Cup and handle formation Final Target yetThe stock had recently made a Cup and Handle formation on its weekly chart, However, weekly closing has not been over 168, which indicates the fact that stock is likely to retraced till 143 level to get start for another rally towards its Cup and Handle formation target price of Rs. 176.
Recently the HH was around 173. accumulation the stock between 143-155 levels is recommended.
Once weekly closing is above 168, the stock is likely to test its resistance level around 198. If the stock is accumulated at an average price of 150ish, 32% gain can be expected if the stock tested its previous resistance at 198, breaking out 198 level would trigger the next resistance of 226. This movement is expected to be captured by the stock within next 12 months when the stock is likely to break its historical high of 304.75
Stop loss can be kept around 122
EXIDE offers more than 55% gains on prevailing price LevelsThe stock is in Bullish Momentum, for those, willing to take secure trades, should enter at a price above 1166 for the Target of 1458 potentially can make 25% gain on these levels.
However, anyone wish to take calculated risks, can enter the trade now with the SL of 775, for TP1 of 1101, TP2 of 1264 and TP3 of 1427 with upside potential over 55%
AVN Offers 50% gainthe stock is currently in its uptrend, Instant entry can be made here with strict SL of 49 with first TP around 86 and second TP around 98 for over 50% gain within next 4-6 months.
However, careful traders should enter the trade only once it breaks its previous HH around 71.2 with same SL (mentioned above), however, this time the gain will be confined to 37-38%
The stock after significant consolidation has broken out the Falling Wedge Pattern on Weekly time zone, Thereafter making consistent HHs and HLs.
SYM ready for the take off !SYM has successfully retraced to the trendline of Pennant. After successfully forming Pennant, the stock has went into healthy consolidation and retraced to the levels and finally about to break the last LH around 10.90, which posed to be a significant resistance level.
Once SYM crosses 10.91, it will be poised to reach 16 soon after giving further confirmation by breaking the Pennant pole @ 11.90 level, potentially offering around ~50% upside on current levels.
Refrain from Trading in AGP at the momentThe stock has made significant bearish divergence and likely to retrace, Retracement Level 1 could be 150, level 2 could be 144, Level 3 could be 133 and Level 4 could be 121 where it should be accumulated as per your capital allocation.
On Long term, the stock seems to be in uptrend with 6 months Target of 270 which will be a 50% gain from suggested Entry.
However, this target is likely to be achieved when it will cross Rs 180 level being its previous HH. Investors or long term traders likely to made over 70-80% on this stock within next 6-8 months
AVN to provide 38% gain within next 4-6 monthsthe stock is currently in its uptrend, Instant entry can be made here with strict SL of 49 with first TP around 86 and second TP around 98 for over 50% gain within next 4-6 months.
However, careful traders should enter the trade only once it breaks its previous HH around 71.2 with same SL (mentioned above), however, this time the gain will be confined to 37-38%
The stock after significant consolidation has broken out the Falling Wedge Pattern on Weekly time zone, Thereafter making consistent HHs and HLs.
SMCPL is ready to flySMCPL is in sideways and maintaining support but not breaking resistance. This green triangle is its resistance and if it could break it than fresh entry is possible. Use stop loss at below line of the triangle. TP is 27 and 30. Note: This is not a buy/sell call. Trade at your own will.
Loads could rise 65% Loads is maintaining its support level of 14.5 and it is heading to resistance of 18.3 than 22 and 25.7
Positive momentum of its hows it could cross 22 and 25 levels. As per current price 15.55 it is gain of 41.5% and 65%
Stop loss is at 14.2
Note: This is not a buy/sell call. Trade at your own will
TOMCL-Buy CallAfter posting recent High of 46.6, it retraced upto Fib level of 50%.
Bullish Divergence on RSI,
Breakout of Bullish Flag with relatively Good volume
Bulls are expected to gain strength
With very strict SL, nice Risk to reward ratio expected.
One can get immediate target of TP-1, then TP-2 (Previous High) and TP-3 (Bullish flag Projection level)
HCAR has a potential to post 160% gain within next 12 monthsCritical point to watch is Rs. 410 which was a monthly LH, Monthly closing above 410 will trigger the journey towards the historical HH of 928, however, as per falling wedge pattern, the projected price would be around 848 which is a 166% gain from these levels. However, Stop loss should be placed at 243
TOMCL taking off for 65% potential gains within next 3 monthsThe stock has recently made a divergence breaking 38.5 will trigger upside journey, however, keeping the SL at 31.7 , one can enter the trade with first TP of 45.6 which will be a gain of 18%.
The second TP of the trade is Rs. 52.65 (total gain from entry point will be 36.7%), however, it will be confirmed once HH of 47.7 is break out
If the HH is broken out, the final Target as per AB=CD pattern would be 61 which is around 58% upside from the entry price and ~65% if the trade is taken immediately with SL of 31.7
TRG Ready for another 16% rideThe stock after breakout its bearish cycle, continuing its bullish ride, recently retraced to mark its LH @ 54 which will be out SL for the trade.
Enter at the breakout of symmetrical triangle at a price of 64.35 for the target price of 74.7 which will be out first TP, approximately 16% gains
PREMA - PSX- Technical Analysis - BUY CallOn Daily time frame, PREMA after making sharp gains has retraced to more than 60% becoming very attractive for Buyers.
KVO has also started to change its direction upwards indication a shift of momentum coming up. On RSI, there is a Hidden Bullish Divergence in the making which indicates a very sharp up trend coming up. Therefore, buying immediately at market price will yield substantial gains in quick time.
My Trade Values :-
Buy (Mkt): 23.50 ~ 25.00
TP1: 38.50
TP2: 45.50