Play on LevelsMonthly Support is around 640 - 674. Monthly Resistance is around 702. Closing above this level may expose levels around 750 - 755 & then around 780. This time breaking 620 will bring more Selling pressure towards 575-578. Bullish on Weekly & Monthly TF.by House-of-Technicals5
MARI PROBABLY IN WAVE '' 4 '' ( TEAL COLOR )- LONGThis is in continuation to our ongoing tracking of MARI C or 3 wave structure. If the wave count is correct then we are in wave 4 of wave C or 3 which will most probably reach 661 - 627 range near which I've marked the buy zone. Trading wave 5 is a little tricky because there are multiple factors at play here therefore we will use cautious approach to trade this. Firstly predicating completion of wave 4 is very difficult, secondly chances of 5th wave failure are also present which means prices might not make a new high, thirdly is the proportion between the 2 and 4 wave (marked in teal color) in which case prices will not even reach the buy zone and will start rising from 680 level up. So here is how we gonna trade this, since we have already made profits from the last 2 waves of MARI that I published. We will not be taking full positions here but just a small chunk, we will just invest 25% of our investment here and will only enter long positions between 654 - 632 range . Although we have marked the buy range from 661 but we will only enter between 654 - 632 zone, if we don't get that price we are not trading this last leg up. Below 632 will increase the chance of 5th wave failure and if prices go below 611 then our entire wave count will get weaken. Trade setup: Entry price: 654 - 632 Stop loss: We are not marking any stop loss here because MARI has very strong fundamentals therefore we are bullish in it for the long term and since we our only taking 25% portion of our investment on this trade therefore we will hold them for our long term target of 1350 - 1500 just incase if the market goes against us. Target: Will update after completion of wave 4 Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.Longby KayJay6
MARI PROBABLY IN WAVE '' 4 '' - LONGThis is in continuation to our ongoing tracking of MARI C or 3 wave structure. If the wave count is correct then we are in the 4th wave of a bigger C or 3 wave, as wave 4 can be any corrective patterns it is hard to predict them. They can be sharp or complex and can be frustrating at times.Currently the wave structure look smooth and it doesn't seem like that it will get complex but you never know what market will do. We will buy long positions once price reach our buy zone range 624 - 610, however if the sentiments get very bullish prices might not even get to this range and start rising for the 5th red wave but we should not act greedy chasing every move. If you are an aggressive trader you can enter long positions as the over all direction is up but we will wait for the price to come into our buy zone range 624 - 610 or touch/breach the below yellow trendline. Let see how this plays, Good Luck ! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.Longby KayJayUpdated 119
Still BullishImportant to Sustain 675 - 680 to Reach upside towards 700 - 725. However, Immediate Support seems to be around 630 - 633; and in Extreme case, it may touch 596 - 612.Longby House-of-TechnicalsUpdated 14
Mari-Nears Key Support – Potential Rebound Ahead?" ANSWER : YES The price is approaching this trendline support, indicating a potential upward trend over time.Longby jahanzaibMUpdated 7
MARI ENERGYMARI Stock Analysis: - *Bullish Movement:* MARI is showing a bullish movement. - *Buying Opportunity:* Any weakness in the stock price is a buying opportunity, especially for new buyers. - *Buying Range:* 600-580 - *Target Levels:* - Initial target: 670 - Final target: 720 - *Stop Loss Strategy:* Use a trailing stop loss to lock in profits and minimize potential losses.Longby PSX_TradeWithTrend2
MARI - PSX - Beginning of a Bull Run MARI is the market leader of PSX. Historically, on time cycles it has shown consolidation period of 43 days before going into a bull run spanning around 32 days. Price after making the falling wedge has broken the structure upwards and now has even crossed the recent Lower High 627.40 as well - which signals a trend reversal towards bull run. Very good volumes are also experienced which are also confirmed by KVO which is a volume-based oscillator (blue line is almost at 60 degree angle going up). RSI is at 70 without any sign of reversal. Therefore, it would be a fair bet that we might see another cycle of bull run which should cross the previous all-time high (900.23) calculated on the basis of AB=CD or Fib based Extension tool. A minor retrace at key levels is expected where one should book profit. Trade Values Buy-1: 649 Buy-2: 630 (if price dips) TP-1: 740 TP-2: 840 TP-3: 900 TP-4: 1030 SL: 535 Longby Golden_Spur13
MARI PROBABLY IN WAVE 'C' or '3' - LONGMARI is most probably in wave C or 3 which will be clarified will volume, as 3rd waves have the highest volume in general. We already have an active trade in this which I missed out to publish earlier but I'm doing my best to post it now. If either wave C or 3 count is correct then we are heading up but as I've taught we should always have an alternate wave count and in this case the best alternate count is a wave B correction. Wave B corrections can take any corrective pattern shapes therefore are very hard to pin point its wave count until it is completed, however the direction is still same but targets will get squeezed if its a B wave. Also the volume will not be as much of an impulse wave. Let see how this plays, Good Luck ! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.Longby KayJayUpdated 223
MARIMari Analysis AB=CD pattern projection Volumes are increasing Must need to break 635Longby zahid_iqbal62202
MARI ENERGIES LONG MARI is currently showing bullish moves ahead follow by ABCD Pattern its a long patience move which is shown by previous chart behaviour it will may be achieve new ATH by the end of april for short scalping targets are also mention on chart .Longby veermalik7866
Bullish on Bigger TFBreakout from the Important Support Level. Immediate Targets can be around 600 - 610. On the flip side, Important Support is around 537 - 560by House-of-Technicals3
Same Support level tested againUpdate as on 06-03-2025 Support level that was mentioned a month ago, again played well. Now again 600 - 630 is the resistance for now.by House-of-Technicals3
Technical analysis of MARI petroleumIt is in downtrend on daily chart and honouring the first support level.In case the index performs and it generates reasonable volumes then it'll go through Rs.618 easily and move towards its second resistance level of Rs.720.On the other hand in case it breaks its first resistance then it'll be clear to forsecond support level at Rs.425.So far it is showing signs to bounce back from current stage.Longby khaliqyaargondal19838
Bullish on Bigger TFBullish on Bigger TF. However, good support is around 520 - 530by House-of-Technicals5
MARI Technical Analysis: Potential Buy Opportunity MARI presents a compelling buy setup. The stock is in a confirmed uptrend, recently bouncing off a key trendline within the crucial 0.618-0.78 Fibonacci retracement zone, a key area of support. A bullish inverted hammer candlestick, followed by another positive candle, formed at this level, suggesting renewed upward momentum. The RSI confirms this bullish sentiment, aligning with the price action. Recommended entry points are at the current market price (583) and a secondary level at 484.16. A stop-loss below 378 on a closing basis is recommended for risk management. Target profit levels are 716, 880, and an open target for potential further gains. Happy trading!Longby TradeWithParas10
MARI - PSX- Buy IdeaLook to buy MARI as it is at around a strong support level. Place SL below 380. Longby MasoodAnsari3
MARI will not give upMari is giving a good opportunity to ride at current retracement phase. Currently it is at 23% Fibb Level where i made a good hammer candlestick with nice volumes on daily chart. 1st Buy Reason: Great Management, Nice Fundamentals. Trading at Accummulative Level. 2nd Buy Reason: Wanted to Buy many shares on 1st Buy. But Couln't did at that time. Invested again when money came in. 3rd Buy Reason (Will do on Friday Dt 24-01-2025: I always buy good stocks if it goes down -9% within a week. Trading at 23% of Fibb Retracement Signalling a good hammer + volume increase. 4th potential Buy: Around 464 Level 5th potential Buy: Around 360 LevelLongby hameedopsUpdated 10
MARI - PSX - Trading in Sideways Trend for 20% gainMARI is moving between 660 to 740 over the past one month or so. KVO is dipping which suggests a further dip in price. RSI is also dipping much below Zero level. Therefore, I'm eager to see it test 610 level once more. However, this is No 1 Stock of PSX and may attract Buyers at any time. Therefore, I'll buy in steps to make sure I have the stocks at lower rates. Trade Values Buy-1: 660 Buy-2: 640 Buy-3: 620 Buy-4: 610 TP-1: 708 TP-2: 720 TP-3: 735 SL: 600 Buy-5: 760 (Once price moves above this parallel channel sufficiently) SL-5: 745Longby Golden_SpurUpdated 2234
MARI Petroleum good support zone MARI Petroleum good support zone Buy Big Next move will be above PKR 1000/- Longby haiderraza723610
Still Bullish on Bigger Time Frames. Bullish Engulfer on Daily TF; however needs to Struggle on Weekly basis. Tested 61.8% fib of Recent Rally. It should go & test 850 - 900 & once 901 is Crossed & Sustained, we may witness New Highs. If it breaks 575, further Selling Pressure would be seen then.by House-of-TechnicalsUpdated 13
ATRL: First Target: 900ATRL: First Target: 900 TP2: 1134 ATRL boucned back from Golden Zone and stayed there and closed at 694. First Resistance : is 788. If it breaks and close above then it might go to 900 Fist TPLongby shfaisal66
Mari is heading to 900 againMari did not drop more to below its support of 594. it dropped from its support of 666 and bounce back again and broken resistance of 666 and touched 715. It is likely to cross again 755 and heading to 900 again. Use stop loss below 666 Note: This is not a buy/sell call. Trade at your own will.Longby W_0300_82082104
MARI - PSX - Technical AnalysisOn daily TF, MARI has defined a Higher High and has came down to define a Higher Low. Currently almost 52% Fib retracement (Rs 655) has done. Price may even further drop to Fib 61.80% (Rs 610). Now, this is the golden pocket (50~61.80%) retracement zone, where most financial institutions prefer to enter. Trade Values Buy-1 (CMP) : 660 BUY-2: 635 SL: 550 TP-1: 895 (Just before previous ATH) TP-2: 1105Longby Golden_Spur29