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PIONEER CEMENT LTDPIONEER CEMENT LTDPIONEER CEMENT LTD

PIONEER CEMENT LTD

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PIOC trade ideas

PIOC on the movePIOC needs to be watched and placed on watchlist as it is anticipated that its going to give a good move towards the upside. It is approaching EMA50 and EMA100 from below and a crossover of the two EMAs is about to take place soon, hopefully. Daily RSI-14 has jumped upwards after touching min 36.84 to the current 50.18 and a positive crossover has taken place on the MACD, though it is yet to cross the Zero Line towards the upside on the DTF. Lets c how it plays, further. Potential Targets given on chart. There is a falling wedge Target approx. @ 250-255. Wish you all Happy Trading 📈
PSX:PIOCLong
by DawoodKK
PIOC Respecting 200 EMAPIOC has experienced a pullback after testing the 200-day EMA and is currently trading 3.60% above it. Notably, the stock has been in an uptrend since March 2023, consistently hovering above the 200-day moving average. An initial target of approximately 192 is anticipated in the coming days. If a breakout occurs, the price may advance towards 208, with a potential test of its previous high around 229 from a swing trade perspective. A stop-loss is recommended if the stock falls below the moving average, as this would indicate a shift toward a downward trend.
PSX:PIOCLong
by mbaberhanif
2
PIOC | Swing Trading SetupPIOC is currently trading at 153, and several technical indicators suggest a bullish reversal is imminent, presenting a strong buying opportunity. The Relative Strength Index (RSI) has recently dipped at 30 and currently at 35, indicating the asset is oversold and may soon experience upward pressure as buyers step in. Moreover, bearish divergence from its top of 185.40 price is observed which pulls the price downward. Additionally, the Moving Average Convergence Divergence (MACD) histogram is showing a waning bearish momentum, with MACD line poised to cross above the signal line, which historically signals a potential buy. Moreover, the price action may face support around 141 level, a classic reversal pattern that often precedes a bullish breakout. This support level has held firm previously. The 200-day Exponential Moving Average lies at 137.60. The stock start rejecting from the top of 185.40 and currently at 91% oversold level which indicated a possible pull back can be expected from support zone. Lower Bollinger band level lies at 148.64, while middle and upper lies at 167.75 and 186.87 respectively. Forecast: In the near term, the script seems to target around 163 In the medium term, the script seems to target around 168 Recommendation: It is recommended to consider initiating buying positions near 141 and set stop loss below 200-day EMA around 130. Risk & Reward Ration= 1 : 2 (for first target of 163) Risk & Reward Ration= 1 : 2.45 (for second target of 168) Disclaimer: Do your own research before taking position.
PSX:PIOCLong
by mbaberhanif