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MARI PROBABLY IN WAVE '' C '' OF CORRECTION - SHORTThis is in continuation to our ongoing tracking of MARI. Since prices moved down giving confidence to our bearish wave count, we are taking a small position by short selling. They are several possibilities at hand therefore we will trade this setup with cautious using trailing stop loss until we reach our target. We only recommend small portions while short selling due to the fact that futures have less liquidity/volume. If our wave count is correct then we can make around 10.85% or 13.04% on this trade. Trade setup: Entry price: 682 Stop loss: 721 Targets: T1: 608 T2: 593-578 Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:MARIShort
by KayJay
UBL Share StrategyUBL Buying Strategy: To determine if the proposed buying strategy for United Bank Limited (UBL) shares is viable, let's break down the plan: - Buy Price: PKR 500-480 - Stop Loss: PKR 470 - Target Price: PKR 580 Analysis: 1. Risk Management: The stop loss is set at PKR 470, which is PKR 10-30 below the buy price range. This seems like a reasonable risk management strategy. 2. Potential Return: The target price of PKR 580 offers a potential upside of PKR 80-100, which translates to approximately 16-20% return. 3. Market Conditions: It's essential to consider current market conditions, trends, and any potential catalysts that may impact UBL's stock performance. Recommendations: 1. Monitor Market Trends: Keep a close eye on market trends and adjust the strategy accordingly. 2. Set Realistic Targets: Ensure the target price is realistic based on UBL's financial performance and market outlook. 3. Diversification: Consider diversifying your portfolio to minimize risk.
PSX:UBLLong
by PSX_TradeWithTrend
1
GCIL | Swing Trade Setup!!!GCIL's current price action indicates a favorable technical setup. Key observations include: Uptrend indication: The stock price is trading above the 200-day EMA, suggesting an overall uptrend. Fibonacci retracement: A fake breakout was observed on April 3rd, which coincided with a 61.8% retracement level from the low of 8.82 (October 4th, 2024) to the high of 23.50 (March 3rd, 2025). The stock has since appreciated by 9.10%. MACD crossover: The MACD indicator is exhibiting a bullish crossover from its bottom, signaling a potential reversal and strengthening of the uptrend. Trading Strategy Based on the technical analysis, a long position can be considered at the support level of 16.16. To manage risk, a strict stop-loss is recommended at 14.40. Potential targets for the trade are: Target 1: 17.89, representing a 10.71% upside Target 2: 20, representing a 23.76% upside
PSX:GCILLong
by mbaberhanif
SNGP | GRAVESTONE DOJIThe daily chart of SNGP shows a strong bullish trend that recently pushed the stock to new highs, but a potential reversal signal has emerged. A Gravestone Doji has formed near the top, a bearish candlestick pattern that suggests buyer exhaustion and possible trend reversal. This is particularly significant as it occurs after a strong upward rally and near a resistance level. Volume remains notable, signaling high market activity around this level. If the price begins to decline, the key support zone between 115.50 and 118 could act as a cushion for a potential bounce. A break below the support zone may confirm a corrective move.
PSX:SNGPShort
by mbaberhanif