FFL | CUP & HANDLEFFL has given breakout on daily, weekly and monthly charts with higher volumes. Buy with stop loss of PKR 9
TP 1: 10 .60
TP2: 12
SL: 9
FFL trade ideas
Bullish Divergence on Daily TF.
8.98 - 9 is Important level to Sustain for
further Upside.
if this level is sustained, it may easily touch
9.70 - 9.80 - 10.
12 is an Important Resistance level that would be
reachable if 10.40 is Crossed & Sustained.
FFL - Wedge Formation FFL - facing resistance of monthly trend line, once crossed may target 35 plus in long term. With stop loss 4.75
FFL🚀 Stock Alert: FFL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 9.90
🎯 Targets : 10.90
⚠ Stop Loss: 9.20
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: The price action is currently testing lower Bollinger band and the overall trend is upward making higher highs and higher lows. Moving forward, the pull back is observed from the lower band. Upper band lies around 11 from where selling can be seen. Risk is defined below 9.20.
FFLFFL is testing 100-day moving average (EMA) and is now nearing its channel trendline support around 9.10. Exercise caution and monitor closely; failure to maintain this level could lead to further downside.
AccumulateStart "Accumulating" with a
Stoploss of 6.70 on Closing basis
For More Precise Support Levels, Please Note:
Support 1 : around 9 - 9.10
Support 2 : around 8.50 - 8.60
Support 3 : around 7.90 - 8.0
Bearish TrendsA very good Trend which is contunied in a bearish manner.
Strong probablity of continuety. As zero divergence is shown
PSX - FFL Application of DOW TheoryThe market is in Bearish Trend it continuously creating LL & LH.
Currently there is no sign of trend change so we have to wait or we have to take a Short entry
to enjoy trading.
Still Bullish on Weekly TFStill Bullish on Weekly TF
May Accumulate on Current Levels with a
Stoploss of 8.30 on Closing Basis
FFL is BullishFFL is currently on a decisive point, although it is making higher highs and higher lows and is in a strong uptrend according to Dow theory, however, bearish RSI divergence has appeared on the 1D time frame, hence caution must be practiced. A breakout above previous higher high i.e. 12.0 will dilute divergence. But, on the flip side, if previous higher low is broken, it could trigger a bearish rally.
PSX: FAUJI FOOD LTD. POSTING HIGHER HIGHSFFL is in bull run and posting HH . Recently it has posted new higher high, indicating bullish momentum.
We should capitalize on this opportunity and may take entry in the trade. with the help of hourly chart a smart entry level has been marked on the chart.
for ready reference SL & TP levels have been identified on the chart.
FFL is BullishFFL is in a strong up-trend and printing higher highs and higher lows, the formation of a bullish engulfing candle indicates new higher low, and hence more upside movement is expected.
PSX: FFL IN BULL RUNFauji Food Limited has posted higher highs. We can buy at the current level with the profit target of Rs. 7.63
FFL rejectionFFL testing resistance with RSI at over bought level. Rejection can be expected. Support level is at 6.15
