Still bullish...Still Bullish on All Time Frames.
Currently 26.50 - 27 is a hurdle &
Strong Resistance.
Crossing & Sustaining 30 may lead it towards
36 - 38.
However, it should not break 23, otherwise
trend reversal is possible.
FLYNG trade ideas
Flying cement breakout level for flying to 34.96 level26.62 is breakout level of Flying cement to fly to levels of 29.76 and 34.96 levels,
Today it was on lower lock and dropped 10% to level of 25.88. Iff tommorrow it again pick momentum and crosses level of 26.62 than it can fly to 29.76 and 34.96 level.
Note: Trade at your own risk.
FLYNG may Fly It would be a buying opportunity
if it comes around 18 - 18.60
Stoploss in that case should be
around 14.60
If 22.50 is Crosses & Sustained, we
may witness 26 - 27.
FLYING: Bullish ChannelBullish Channel
New Highs Formation
Divergence Appeared now Diluted
Retracement Expected
50% fib level aliigns with horizontal resistace at bottom of channel
Best Entry is 18-19 level
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
FLYNG - SIGNIFICANT FALL IN PRICE EXPECTED (TODAY & ONWARDS) A two-day Volume comparison Analysis (03-09-24 & 04-09-24)
Today the Total Vol stood at 35.345M as compared to Yesterday's Total Vol which was 17.409M, an absolute increase of 17.936M and a %age increase of 103.03%.
In contrast to that, Yesterday's Delta Volume (closing figure), which is actually the difference of Buying MINUS Selling Volume was 14.237M as compared to Today's Delta Volume close figure of 4.900M.
Today's Delta Volume made a HIGH of 11.030M and then came down to and closed at 4.900M, a reduction of 6.130M i.e. a %age decrease of approx. 55% in the Buyers, today.
And when we compare todays Delta Vol figure with that of yesterday there is a significant decrease / drop in the Net Buyer-Sellers volume figure of around 9.144M (a %age decrease of 65&).
From this we can deduce that the NET Buyers-Sellers Volume is dropping at an increasing pace and today the selling volumes have eventually erupted in the Scrip.
It is worth noting that Indicators are still optimistic.
Daily RSI value is 79.96 and the weekly RSI value is 83.74.
Daily ADX value 46.86
+DI value 47.33
-DI value 11.20 quite BELOW the +DI value.
Relevant Snaps attached for ready reference.
FLYING Buy IdeaFlying Cement has been undergoing an extended accumulation phase. Should it breach the long-term resistance level of 8.8, potential subsequent targets may include 10, 12, and 15.
Immediate Support is around 9.35 - 9.5010.80 - 11 is an Important Resistance that
needs to be Sustained now.
Fresh Entry can be taken with a Stoploss of 8.70
on Closing basis.
FLYNG CEMENT LONGTrend line broke
lower high broke
no divergence
volume is good
EP:10.28
SL:7.50
TP:13.07
FLYNG | Either BoS or CHoCH🚀 Stock Alert: FLYNG
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Range : 9.15-9.20
🎯 First Target : 9.55
🎯 Second Target : 10.10
⚠ Stop Loss: 8.70
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: On the 4 hour time frame, the price is making lower low after making a top of 10.13 which will act as resistance level of the price. Long position can be consider in a range of 9.15-9.20 with the stop loss if it breaks its previous low at 8.70. Initial target lies at 9.55 and second target around 10.10.
The Flying Cement Entring in Upward Direction.The Flying Cement price is entring in upword direction.
Cup & Handle FormationBuy Above 9.40
TP1 around 11 - 11.50
TP2 around 14 then 17
Stoploss 7.40 (Closing Basis)
FLYNG is BullishFLYNG is about to break previous lower high and that would take the price to new highs. It will first print a higher high followed by a higher low and then begin a bullish rally. Targets are mentioned on the chart.
