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POWER CEMENT LTDPOWER CEMENT LTDPOWER CEMENT LTD

POWER CEMENT LTD

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POWER trade ideas

Bullish on All Time Frames; butBullish on All Time Frames; but Strong Resistance lies around 12 - 12.20 Those who are Holding, Must Trail their Stoploss to 10.30 (at least) Though there is Hidden Bullish Divergence, but Strong Resistance is lying ahead. Those who want to Take Fresh Entry, should wait for 12.20 to Sustain. One thing to note is a Bearish Divergence on Daily TF. But since this is on Daily TF, so slight Pressure may bring buying Opportunity (as long as it stays above 8.)
PSX:POWER
by House-of-Technicals
POWER - PSX - Tech AnalysisPower after the pressure of selling has started to recover. Price is just under the 8/1 resistance line of upper Gann fan. Once price crosses it then this line will start acting as support. Just see the repetition of the triangle pattern (Orange). RSI is also moving upwards and at present it is around 57, therefore, there is sufficient room to consider retracement which previously happened at 75 and 86 respectively. KVO is just below zero level but likely to catch up. Trade Values Buy Mkt: 9.20 TP-1: 9.96 (Price Action Resistance) TP-2: 11.80 (AB=CD) SL: 8.20 (below previous HL)
PSX:POWERLong
by Golden_Spur
3
POWER - PSX - SWING Trade - Technical AnalysisOn Monthly TF, Cypher Harmonic Pattern has been drawn. Although, point C has not extended till minimum text book requirement of 1.172 but anyway in real world some exceptions can be taken when no other pattern is matching. Point D has been drawn to arrive to the TP from where a reversal is expected. EMA 21 is below the candles indicating a Bull run. On Daily TF, price is under upper limit of Bollinger Bands which indicates that steadily price is going up and up. However, a retracement to establish a Higher Low is eminent. Therefore, do not worry if price retraces a bit. Remember this analysis is for Swing trading not for day trading. Stop Loss has been assigned based on the HL on Daily time frame. Swing Trade Values which may last for 2 to 4 months:- Trade Values Buy (Mkt): 9.39 Stop Loss : 6.45 TP-1: 12.00 TP-2: 16.00
PSX:POWERLong
by Golden_Spur
POWERPOWER - Buy Call Entry: 5.21 Target: 5.51 (5.7%) Stop Loss: 4.96 Stock Summary : POWER closed at 5.21 and is currently holding below the 20-day SMA on the daily chart. The stock finished 4.42% above the lower Bollinger Band. Upper band lies at 5.64. POWER tested an upward trend line in the last trading session and successfully closed above it, establishing positive stance. The 200-day SMA lies around 5.51 which consider the initial target of the price. Upon breakout further upside can be expected. Recommendation : Initiate buying positions on weakness or near the support zone and set stop loss below 4.96.
PSX:POWERLong
by mbaberhanif