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CPHL - PSX - Technical AnalysisCiti Pharma is in bull run for almost past 9 months. On Monthly TF, Cup has been formed but Handle is yet to be made. See picture pasted on the chart. For that price must retrace a bit to Fib 0.23 to 0.38. In that case Entry will be at retrace and TP will be equal to depth of the cup. On the other hand if price does not retrace then entry should be sufficiently above the Daily Resistance level so that it then becomes its support level. RSI and KVO both are supporting the bull run continuation. Trade Values BUY-1: 53 BUY-2: 42 TP: 81 SL : 38 (HL)
PSX:CPHLLong
by Golden_Spur
2
BIFO having over 50% gain potentialThe stock can be accumulated at these levels with SL around 120. Its is being retraced and likely to test its Bullish pennant breakout level of 146.08 which will be over 50% retracement against the recent High, if retraced till 62%, the downside could be Rs. 138. So it should be accumulated between these levels. Safe side traders should enter the trade at its previous HH of 195 for the next expected level of 240+ Entry at these level with SL of 120 will make first TP of 200 with RR of 1:1 and for 1:2 TP2 would be around 240
PSX:BIFOLong
by Trader-Roze
GWLC - PSX - SWING Trading Technical Analysis - Harmonic PatternOn Monthly TF, two harmonic patterns have been drawn. Gartley (94% complying) and Butterfly (88% complying). In this bull run prices are moving way to fast. And due to market sentiments Bulls are in control. In normal bull run Gartley pattern will be complied before price drops but chances are that price will make new All Time High and follow Butterfly. RSI is around 80 without any sign of reversal; however, minor retracements are normal but overall price will stay in up trend. LONG Buy Trade Call Buy-1 : 50.78 Buy-2 : 61.00 SL: 39.00 TP1: 57 TP2: 78
PSX:GWLCLong
by Golden_Spur
BFBIO - PSX - 15min - Technical AnalysisBFBIO being a recently listed SCRIPT, limited data is available on Daily TF, therefore, this analysis is being done on 15 min time frame. After a strong bull run the price has retraced to Fib level of 53 % (186) before going a little bit up (at the time of this analysis price is 189). 60% Fib retracement level is quite possible as RSI divergence on 1h TF is about to be formed (Ideal would be on Daily TF). Therefore, best entry could be to buy at 180 for getting maximum possible advantage. On the other hand, a safe Buy entry will be after the price goes up and makes a new High (above previous Lower High), so that HH, HL in a bull run is confirmed. My Trade values:- Buy-1: 180 BUY-2: 207 TP-1: 300 Stop Loss: 159
PSX:BFBIOLong
by Golden_Spur
1
POWER - PSX - SWING Trade - Technical AnalysisOn Monthly TF, Cypher Harmonic Pattern has been drawn. Although, point C has not extended till minimum text book requirement of 1.172 but anyway in real world some exceptions can be taken when no other pattern is matching. Point D has been drawn to arrive to the TP from where a reversal is expected. EMA 21 is below the candles indicating a Bull run. On Daily TF, price is under upper limit of Bollinger Bands which indicates that steadily price is going up and up. However, a retracement to establish a Higher Low is eminent. Therefore, do not worry if price retraces a bit. Remember this analysis is for Swing trading not for day trading. Stop Loss has been assigned based on the HL on Daily time frame. Swing Trade Values which may last for 2 to 4 months:- Trade Values Buy (Mkt): 9.39 Stop Loss : 6.45 TP-1: 12.00 TP-2: 16.00
PSX:POWERLong
by Golden_Spur