FCCL is in correction and favourable for buyFCCL is in correction phase and buy on these levels and sell on above 36 level.
Note: This is not a buy/sell call. Trade at your own risk.
FCCL trade ideas
FCCL is heading to 60 level FCCL financial results was good and today reduction of 250 bps in monetary policy is additional helping hand to push FCCL share price to 60 level, Today is breaks 35 level and now it is going to break these next levels in chart soon.
Note: This is not a buy/sell call.
Stock is making HH HL.Stock is making HH HL.
It should not break 24.50 on Monthly basis.
It has the potential to touch 28.50 then 30.
However, those who are in Profits, Must trail
the Stoploss (atleast at breakeven point), if
they don't want to enjoy profits ;-)
Fresh Entry can be taken around 24.50 - 25 with
proper Stoploss level.
FCCL - PSX - Analysis on 02 Oct 2024FCCL - Daily TF
Currently trend is in uptrend. AB=CD harmonic pattern has been drawn which indicates that PRZ is close, and price may reverse after testing Rs 27.70 to Rs 28.45 zone values. Hidden Bullish Divergence has already caused a pump in the price. RSI indicator also suggests that momentum is highly bullish and is going to put market in oversold condition shortly.
Historically it retraced to 0.618 level. Therefore, once again it is expected to retrace back to 0.618 level which expectedly will be Rs 22.80 .
Trade Values:
One can buy on dip around 25.50 with TP at 27.50.
Then Either take SHORT (Sell) trade on reversal or wait till traces back to Rs 22 and then again buy it.
FFCL Down Trend AnalysisWeigh and observe the cycle. If it moves up, consider buying for the short term. If not, wait for a lower level, specifically between 21 and 22.6, to buy.
Wait price in cicle
buy at lower if go down
FCCL-LONGFCCL is taking support from trend line and 200 DMA so its a perfect chance to buy for mentioned targets
FCCL PSXAfter hitting previous target, FCCL looking bullish from its support level, possible TP and SL are mentioned.
FCCL BULLISH ON MONTHLY TIMEAfter breaking the trendline, heading towards 36, keep trailing the stop loss.
FCCL StockThe Chart shows Bullish Trend .But Divergence is also there and its also making continuous Falling wedge. So, the Trend will be Bearish.
The Entry price Will be at 21.01 and the Stop Loss will be 23.72
FCCLFCCL is trading in bullish rectangle pattern (continuation pattern ) as also there is no bearish divergence at current level . We can attempt to buy at retest if it gives breakout upside so the projected price will be 25.
FCCL is BullishFCCL has broken the previous lower high and now looks good for a bullish move. It would make a higher low now before moving up. Targets are mentioned on the chart.
