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MARI PETROLEUM COMPANY LTDMARI PETROLEUM COMPANY LTDMARI PETROLEUM COMPANY LTD

MARI PETROLEUM COMPANY LTD

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MARI trade ideas

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: 745
PSX:MARILong
by Golden_Spur
2
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 Level
PSX:MARILong
by hameedops
Week 2 Candle Stick Pattern Idea 1: MARI MARI offers traders compelling opportunities following distinct candlestick patterns, indicating potential bullish movements in the near term. Trade Plan: Entry Point 1: Candlestick Pattern: Bullish Hammer Entry Point: 1,588.7, following the formation of the bullish hammer candlestick pattern. This entry signifies a bullish reversal from the previous downward trend. Stop Loss: Positioned at 1,540, serving as a protective measure against adverse price movements. Take Profit (TP1): Targeted at 2,500, reflecting the initial profit-taking level with the potential for significant upside momentum. Entry Point 2: Candlestick Pattern: Tweezer Bottom Entry Point: Identified at 2,202, subsequent to the formation of the tweezer bottom candlestick pattern. This entry suggests a confirmation of bullish sentiment, indicating a potential reversal from the recent downtrend. Take Profit (TP2): 2,622, representing a higher profit target in anticipation of extended bullish movement following the tweezer bottom formation.
PSX:MARILong
by nilambano3
Week 1 Dow Theory Idea 4: MARI Week 1 Dow Theory Idea 4: MARI (Bullish/Long) MARI continues to display bullish momentum, offering two distinct trade plans for investors to consider. Plan 1 has been executed, while Plan 2 presents an alternative entry opportunity for traders seeking to capitalize on the upward trend. Plan 1: Entry Point: Established at 1,717, this entry marks the initiation of a long position in alignment with the bullish sentiment observed in the chart. Stop Loss: Positioned at 1,676, the stop loss serves to mitigate potential losses in the event of an adverse market reversal, preserving capital and managing risk effectively. Take Profit (TP1): Targeted at 2,500, TP1 represents the initial profit-taking level, reflecting a significant upside potential in the bullish trend. Plan 2: Entry Point 2: Identified at 2,227, this entry offers an alternative opportunity for traders to enter the market, potentially capturing further gains as the bullish momentum continues. Take Profit (TP2): Set at 2,622, TP2 represents a higher profit target, reflecting the anticipation of extended bullish movement in the price of MARI.
PSX:MARILong
by nilambano3