CNERGY, Harmonic Gartley, Bullish Move ExpectedHarmonic Gartley Pattern
Expected Reversal
Ascending Triangle Formation
Buy on closing above triangle
Buy above 4.30
Stoploss 3.65
Target 5.42
0.21 PKR
185.44 M PKR
240.63 B PKR
2.38 B
About CNERGYICO PK LIMITED
Sector
Industry
CEO
Amir Abbassciy
Website
Headquarters
Karachi
Founded
1995
ISIN
PK0078401012
FIGI
BBG000NVFG03
Cnergyico PK Ltd. engages in the business of refining crude oil into saleable components. It operates through the Oil Refining Business and Petroleum Marketing Business segment. The Oil Refining Business segment includes crude oil refining and selling of refined petroleum products to oil marketing companies. The Petroleum Marketing Business segment involves the trading of petroleum products, procuring products from oil refining business as well as from other sources. The company was founded by Parvez Abbasi on January 9, 1995 and is headquartered in Karachi, Pakistan.
CNERGY | Daimond PatternCNERGY is currently forming a diamond pattern, which suggests a potential uptrend. A breakout level is identified around 4.30. Should the price sustain above this level, it may advance towards 4.80 and subsequently to 5.38. It is advisable to set a stop loss at 3.75, positioned below the previous sw
PSX: CNERGY foundation has been laid.From the start of this year the CNERGY has been struggling to sustain it journey to north and has not been successful in its attempts. In all this a triangle has been formed suggesting that it will resume its journey in whichever direction it breaks. Currently the price is breaching the upper trend
CNERGYPrice rejected from resistance level in last trading session. If 3.7 level sustains we expect pull back and this time breaks resistance above 4.10. First and second targets are 5.10 and 5.60 respectively. However, risk is defined below 3.70
Cnergy Analysis - (2.0) Buy."It looks like Cnergy is on the verge of a bullish reversal and may soon enter an upward trend. The RSI is showing bullish divergence 📈, and there's a bullish reversal pattern forming in the shape of a falling wedge. I recommend placing a buy stop order at 4.60, to be triggered upon the LH and neckl
Cnergy (Analysis).(Long)Technical Analysis: CNERGY (Ticker: CNGY)
Pattern Analysis: CNERGY shows a bullish falling wedge pattern, hinting at a potential reversal.
RSI Analysis: RSI (30-70 range) supports bullish momentum without divergence.
Trade Tip: Consider going long above the neckline at ₹4.61 with a stop-loss at ₹
CNERGYWe can attempt to buy CNERGY if it gives breakout of above trendline of symmetrical triangle pattern , target would be 6.3 .
We can attempt to short CNERGY if it gives breakout of below trendline of symmetrical triangle pattern , target would be 2.61 .
Currently We can use wait and see approach and
CNERGYEngaging in trading activities by relying on the analysis of patterns involves the systematic examination of historical price movements and formations in financial markets. Traders who employ this approach typically scrutinize charts and identify recurring patterns, such as triangles, head and shoul
Downtrend of CNERGY:PSXis expected to be overCNERGY:PSX is presently in downtrend in 1D timeframe. However a bullish divergence on RSI indicates an end of existing trend and a likely bullish reversal. Long entry through buy stop has been marked above previous swing high. SL has been suitably placed below last LH. TP has been set @ 1:1 RRR.
CNERGY - Bearish trend likely to continueformation of descending triangle and no diversion means continuation of the bearish trend.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of CNERGY is 4.12 PKR — it has increased by 2.49% in the past 24 hours. Watch CNERGYICO PK LIMITED stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on PSX exchange CNERGYICO PK LIMITED stocks are traded under the ticker CNERGY.
CNERGY stock has risen by 10.75% compared to the previous week, the month change is a 9.87% rise, over the last year CNERGYICO PK LIMITED has showed a −3.29% decrease.
CNERGY reached its all-time high on Jul 24, 2015 with the price of 31.16 PKR, and its all-time low was 2.60 PKR and was reached on Aug 31, 2023. View more price dynamics on CNERGY chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
CNERGY stock is 6.27% volatile and has beta coefficient of 1.41. Track CNERGYICO PK LIMITED stock price on the chart and check out the list of the most volatile stocks — is CNERGYICO PK LIMITED there?
Today CNERGYICO PK LIMITED has the market capitalization of 22.63 B, it has decreased by −3.64% over the last week.
Yes, you can track CNERGYICO PK LIMITED financials in yearly and quarterly reports right on TradingView.
CNERGY net income for the last quarter is −1.81 B PKR, while the quarter before that showed 1.05 B PKR of net income which accounts for −272.29% change. Track more CNERGYICO PK LIMITED financial stats to get the full picture.
No, CNERGY doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
As of Nov 10, 2024, the company has 744.00 employees. See our rating of the largest employees — is CNERGYICO PK LIMITED on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. CNERGYICO PK LIMITED EBITDA is 17.18 B PKR, and current EBITDA margin is 7.24%. See more stats in CNERGYICO PK LIMITED financial statements.
Like other stocks, CNERGY shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade CNERGYICO PK LIMITED stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So CNERGYICO PK LIMITED technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating CNERGYICO PK LIMITED stock shows the neutral signal. See more of CNERGYICO PK LIMITED technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.