HINO - PSX - Technical Analysis - CRAB Harmonic PatternHINO is in bull run since 26 Nov 2024. On daily TF, RSI does not show any sign of divergence and KVO is almost vertical suggesting a strong bull run. However, RSI is almost at 85 and at any time trend may retrace to define a proper Higher High.
Resistance Zone 481~530 is critical. Then another resistance line at 700 is present.
On weekly time frame, Crab Harmonic pattern has been drawn, which if respected by price then we will see a very substantial return at TP-4 in 15 months time.
Trade Values
Buy-1 (Mkt): 435
TP-1: 481 (people will sell to book profit around 465)
Buy 2 : 425 (on retracement)
TP-2: 481~ 530 (people will sell at a bit higher values than TP-1)
TP-3: 700 (A small retracement is possible due to profit booking)
TP4: 1630 (For Swing Trading)
Stop Loss: 277 (Kindly modify Stop Loss, as TP-2 is hit to make breakeven for Swing trading).
CSAP ready to post 30% gain from current levelsThe stock has made falling wedge pattern indicating reversal in the trend, broke out its previous LH of 112, If daily clsoing is above this level, instant entry could be made for TP1 of 129 and TP2 of 146
Any one enter the trade at these level use the Stop loss of ~95
Gain till TP1 is 15%. First resistance is around 120 which is 7% higher than the current levels.
SAZEW is poised to make 75% gain on Weekly ChartThe stock was consolidating in the weekly Bullish Flag Pattern since July 2024.
Closing above 1203 on weekly basis will trigger the chances to hit the historic high level for the stock to be over Rs. 2050.
On the daily timeframe the stock has broke out the symmetrical triangle pattern, Closing above 1136 will trigger the target of Rs. 1277, an astonishing gain of 24% from these levels. One can enter the trade instantly with SL 965
SEARL Long positionMonthly breakout confirmed
Short term TP Rs 100
Long term TP Rs 125+ and than trade with trailing stop loss.
Fundamentally, last quarter massive write-off done so in upcoming quarters we will see good profits
Impact of non-essential essentail products pricing will also improve profitability
CLOV - PSX - Technical AnalysisOn Daily TF, trend is following Harmonic Bearish Reversal Crab Pattern. Point D defines the TP here which is a potential reversal zone.
For education purpose, this is Crab not Butterfly because Butterfly Pattern has B point at much higher level at 0.786 with Point D at much lower level of 1.27 level.
RSI is around 80 and seeing the resistance zone (53.93~54.63) it is likely to retrace a bit before going up and breaking the resistance.
Klinger is also suggesting a very strong bull run.
Trade Values
Buy 1; 49~50 (On retrace)
Buy 2: 55 (after breaking resistance zone)
TP: 59