FABL 1D PSX : AB=CD PatternFABL : ABCD pattern is spotted on daily chart depicting a bullish movement after confirmation level. Good financial results and 50% payout ratio may be key tools for value realization.
Currently, near Monthly Support level around 39.50 - 40
Though Bullish on Monthly TF, but
Weekly closing is important; above 41
is a positive trigger. Still, 45 needs to be
crossed for a Bullish momentum.
However, Bearish ABCD pattern also
seems in play; targeting around 23 - 24.
Lucky PSX long term trade ideaLucky has completed its cup and handle pattern. Based on technical analysis, a possible buy, Tp, and SL are shown.
0.618 Fib SupportIt has taken Support from 0.618 fib level.
If 485.50 is Sustained, we may witness
580 initially.
On the flip side, 407.50 is immediate Support
on Monthly basis.
AVN potential Buy setup (Weekly)Reasons for bullish bias:
- Price bounced from ascending channel support
- Price respecting long-term upward trendline
- Strong weekly closing at support
- RSI is synched
Here are the recommended trading levels:
Buy 1(CMP): 54.55
Buy 2: 43
Stop Loss Level: 36
Take Profit Level 1: 69
Take Profit Level 2: Open
ILP | Head & ShoulderThe chart represents a head and shoulders pattern for Interloop Ltd. (ILP) on the Pakistan Stock Exchange (PSX). This technical analysis indicates a potential reversal in the stock's upward trend. The chart marks the "Left Shoulder," "Head," and "Right Shoulder" at the top of the price movement, forming the classic head and shoulders structure. The "Neckline," drawn horizontally, acts as a support level around PKR 63.91. The stock price has tested the neckline multiple times, and a breakdown below this level could indicate a further downward trend, possibly aligning with the projected blue arrow suggesting a significant price drop if the pattern completes.
FCEPLWeekly Support Retest
Bullish Divergence
Aiming for recent Highs
BUY above 68 upon closing
Final Target 107
FCEPL is BullishPrice was in a strong downtrend, however a matured bullish divergence led to the break of previous lower high, the bullish notion was further affirmed by the printing of a higher low. If bulls maintain pressure then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.
LOTCHEM is BullishPrice was in a strong downtrend respecting a descending trendline since Mid April, however matured bullish divergence on daily time frame, finally seems to be playing out as trendline is broken and if bulls manage to breach previous lower high then as per Dow theory we can expect a bullish rally. Targets are mentioned on the chart.
LongBeautifully taking Support from Monthly Trendline.
However, H&S Pattern is also formed on Weekly TF;
which is actually a reversal pattern.
But there is a Double Bullish Divergence on
Daily TF which is actually a Positive Trigger.
Unity can go to 27 and 30+ levels. This yellow line is a resistance for unity. It is 26.66 and if it crosses above it. It can cross 30+ level.
Bullish on Daily TF.
But Not Yet Bullish on Bigger TF.
Crossing & Sustaining 31.50 may lead it
towards 35 - 37.
However 45 - 47 is an Important Resistance Zone.
FLYNG - PSX - Daily LONG (Buy) Trade CallKlinger is above Zero and Blue is above Green line. RSI indicator also suggests a bull run.
Price has already crossed 18.00 mark which is ATH. Therefore, big and sharp bull run is on the cards.
LONG (Buy) Trade Call
Entry: Instant 18.50
TP: 25
SL: 14.75
CHCC - PSX -Daily Buy Trade CallCHERAT CEMENT
Klinger is above Zero indicating Bullish trend. However, Blue line is yet to cross green line - once it does so, bull run will take momentum.
RSI indicator suggests a Hidden Bullish Divergence means continuation of an uptrend.
Technically correct entry will be after price reaches 182.00.
LONG (Buy) Trade Call
Entry : 182
TP: 200
SL : 173
PIBTL | Dragon PatternPattern: Dragon Pattern
Current Status: Breakout observed from the dragon pattern.
Trade Strategy:
Entry: Long position at closing price of 6.
Target: 7
Stop Loss: 5.50
Summary: PIBTL has broken out of a dragon pattern, signaling potential bullish momentum. Enter at 6, aim for a target of 7, and set a stop loss at 5.50 to manage risk.
CUP & HANDLECup & Handle formation is there with
intial resistance around 43.50
Crossing & Sustaining 43.50 may
lead it towards 50 - 51 and then 60+
STILL BULLISH ON LONGER TFSeem to have a potential to touch 230-240 once.
dips can be considered as a buying opportunity.
however, should not break 158 - 159.
Beautiful Bullish Flag (M) Eying BreakoutA beautiful bullish flag has formed on the monthly charts, with projections around 56 . However, there is strong resistance around 48 , which could be a good point to offload a small portion and consider rebuying after a pullback or once the resistance is cleared. The exact target of the projections will depend on the value where the breakout occurs, so adjust your strategy accordingly!
Note: Always consider your own research and risk management before making any decisions.
