PRL could drop to 24 and 22 levelsChinese investment news was fake and today's results are negative. These both things hit it hardly, May be it drop to these support levels.
NRL could drop below 200 and 180 levelsTodays financial results of NRL shows Rs. 90 loss per share this is huge loss. It could be a bearish trend and NRL can hit these below levels.
DGKC can cross 80 and above levelsYesterdays results and move from 73 to 80 yesterday and today maintaining support in 78 and 79 levels. It could cross these defined levels in few days.
NRL could drop to below 200 levels.Todays financial results shows LPS Rs. 90. it is huge loss per share. May be NRL drops to these blue lines support levels.
Eyeing breakout levelThe price action has formed a bullish flag pattern (Weekly), with the current levels reaching a critical Fibonacci retracement zone. After a sideways trend within the flag, I'm eyeing a potential breakout . A confirmed break of the flag pattern could lead to a continuation move, targeting the clone area of the rectangle box in shortTerm & clone area of a flag pol in medium to longTerm, indicating further upside potential. The pattern may also resemble a triangle formation for the short term, which reinforces the likelihood of an upcoming bullish breakout. I also mentioned my 2nd chunk of buy if it breaks down & reach the level of .
Note: I know, I'm not good in drawing :-D Anyhow, I'm still learning, so if you have any suggestions for improvements, Please let me know, I’d appreciate your feedback. Thank you!
#PTL #GTYR
Again in Buy Area offloaded chunkAfter successfully completing the AB=CD pattern, the stock is now entering a potential buy zone.
Why Buy Range? It's based on Fibonacci retracements: 38.2% of the long wick and 61.8% of the short-term move (CD, which was clone of AB).
However, I'll also be happy if it comes down in my 1st buying area which i already offloaded :-)
Note: I'm still learning, so if you have any suggestions for improvement, Please let me know, I’d appreciate your feedback. Thank you!
#GTYR #PTL
EPCL is BullishPrice was in a strong downtrend, however a bullish divergence led to the break of previous lower high indicating the control of bulls, if the pressure sustains then we can expect a bullish reversal. However, caution must be practiced as it is a risky setup. There is a high probability that the asset would go into an accumulation phase before a bullish rally. Targets are mentioned on the chart.
SNGP BREAKOUT BULLISH FLAG PATTERNSNGP has given breakout on daily charts good opportunity for buying at current levels
THCCL - PSX - Daily TF - LONG (Buy) Trade call RSI 14 indicator is above 70 line and there is no bearish divergence yet.
Klinger Oscillator is above '0' indicating a bullish state; however, Klinger Oscillator (Blue) is yet to cross over the trigger line (green).
EMA 89 line is also below the price chart indicating a bull run.
AB=CD Pattern has been drawn for TP1.
Pole and Flag pattern has been drawn for TP2.
THCCL - LONG (Buy Call)
Buy : Instant @ Market price : 94~95
TP1: 120.35 (Expected TP 22 Oct 2024 )
TP2: 130.25
Image PSXImage script can shows great bullish momentum due to inside buy back of the shares, follow the trade plan according to give TP and SL.
PRL - Trend ReversalPRL trend reversal based on divergence and formation of Higher High. Defined SL, Entry, TP1 and TP2.
It is important to Sustain 955 for now, It is important to Sustain 955 for now, if it is
sustained, we may witness its immediate
resistance around 1020 - 1050.
Next Support seems to be around 830 - 850 &
then around 800 - 803.
Prl - Buy CallPrl - Buy Call
Entry price - Buy above at - 26.05
Stop loss - 21.50
Take profit - 30.40
NRL is BullishPrice was in a strong downtrend, however a matured bullish divergence finally seems to be playing out as previous lower high is broken. If bulls maintain their iron grip on price action then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.
MUGHAL has generated bullish signalMUGHAL is showing bullish sign near trend line, after correction it is looking attractive for buying at current levels.
PRL Bullish Based On Marketwide ActionTechnical Analysis: PRL - Buy Call
* Price Action: Consolidating above ascending trendline.
* Breakout: Potential uptrend above PkR25.55.
* Resistance: Initial at PkR28, intermediate at PkR30, major supply at PkR36.
* Moving Averages: Below 200-day SMA, above 50-day SMA.
* Momentum: Bullish (MACD, RSI).
* Risk Management: Stop loss below PkR23 if trendline breaks.
Overall: Bullish consolidation, potential for uptrend, but risk of downside if trendline breaks.
Important Support Zone should be respected.159 - 161 is an Important Support Zone
that should be respected.
Its actually a Golden Pocket area & if GAL
takes Support from this zone, this would
be a Good come back towards 199 then 235 - 239.
Bullish Divergence on Daily TF.
23.20 - 24 is a Confluence Support
Zone.
Immediate Resistance is 26 - 26.50
Crossing & Sustaining 26.50 may lead
it towards 30.
AB=CD Pattern with Bullish Flag: Key Fibonacci Levels in Play!It could be an example of a Bullish Flag.
Why am I posting it?
The reason is to show an example of the AB=CD Pattern, and it currently respected the 61.80% Fibonacci level at 22.17.
If it breaks the 61.80% level on a closing basis (Keeping in mind, it's a Weekly Chart :-) ), it could drop to 18, potentially forming a double bottom. However, if it plays out as expected, the target can be 40+!
Anyhow, I am personally not invested in it—this is just for learning purposes.
