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PAKISTAN PETROLEUM LTDPAKISTAN PETROLEUM LTDPAKISTAN PETROLEUM LTD

PAKISTAN PETROLEUM LTD

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PPL trade ideas

PPL PROBABLY IN WAVE '' A '' OR " B " - LONGThis is in continuation to our previous published idea in which we decided not to take buy positions due to developing geopolitical tensions which luckily was a wise decision. Now since the tensions have eased up and the bail out have been approved, the bullish scenarios have opened up again. PPL is most probably in wave C of an A or B wave which is about to get completed. Our preferred wave count suggest that we should get one more leg down towards 124-106 range marking the end of the downtrend. Alternately, if the prices start to rise and do not go below 128.56 and takes out 155, we will mark this C wave as completed. Trade setup: Entry price: 124-106 Stop loss: We are bullish on PPL long term therefore we will hold these positions Targets: will update later once price reach our buy zone 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.
PSX:PPLLong
by KayJay
PPL PROBABLY IN WAVE '' A '' OR " B " - LONGPPL is most probably in wave C of an A or B wave which is almost completed or about to get completed. our preferred wave count suggest that we should get one more leg down towards 144-140 range which will touch the long term yellow trendline and prices should bounce from there, the other possibility is that price will not go below 147 and will keep on climbing toward 173-183 range or towards the blue trendline. Alternate wave count suggest that wave C might get extended and will keep on declining reaching our long term buy zone of 124 - 106 range. So this is how we will trade this setup: Scenario 1: If 147 is not taken out and prices keep on rising then we will not take any trade because our confirmation level is 164.11 and target is 173-183 which does not give us a good risk/reward ratio Scenario 2: If prices do decline below 147 and reach 144-140 level, we will buy a small portion at that level and will wait for a bounce from the yellow trendline, if prices unfolds as predicted then we will add more to our long positions using swing trade. However, if prices keep on declining towards our long term buy zone then we will add positions at 120-110 levels. PPL has strong fundamentals therefore we are quite comfortable holding it for long term. Trade setup: Entry price: 144-140 Stop loss: We are bullish on PPL long term therefore we will hold these positions Targets: 173-183 (Ideal is upper blue trendline) If our wave count is correct then we might make 20.97% or 25.87% of gross profit on this trade 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.
PSX:PPLLong
by KayJay
PPL.PSX - Short Sell CallOn Daily TF Trend is overall Bearish. By looking at RSI indicator it is evident that Bears are in control here. Price is likely to test 103.5 support level and by the look and Volume of candles it is giving an impression as if price is likely to break the support level of 103.5 and will test 94.5 level. And even can go further down and test third support level at 72.00 . To draw confluence, also seeing the historical data, after every Earning and Dividend the price dips, therefore, on 16 Oct and 29 Oct, 2024 price will dip. Also oil prices also going down and therefore PPL is also going down. Hence, in December it would become a Buying Option at around Rs 72. One can Short Sell once price drops to 102.50. Disclaimer: This is not a financial advice, take your trades as per your own analysis and dynamics.
PSX:PPLShort
by Golden_Spur
1
PPL | Parallel Channel FormationThe price action is following in a parallel channel. Lower channel range lies around 117.50 from where a possible pull back can be expected. For swing trading setup, long position can be consider on the test of lower parallel channel with the stop loss at 115 and possible target for long term can be expected around 130. On the other hand, the price is making higher highs and higher lows within the channel, so scalping trade can be possible with entry around 120 for the target of 125 and 128. Swing Setup: Entry: 117.50 Target: 130 SL: 115 Scalping Setup: Entry: 120.50 TP1: 125 TP2: 128 SL: 119
PSX:PPLLong
by mbaberhanif
PPL Analysis 2.0🚨 Trade Alert: PPL Bearish Harmonic & Flag Pattern 🚨 We have identified a bearish setup in PPL, marked by the following patterns: Bearish Harmonic Pattern 🐻 Bearish Flag Pattern 🚩 Technical Indicators: No divergence is present, confirming the bearish outlook. Additionally, PPL is printing Lower Highs (LH) and Lower Lows (LL). Entry Point: Place a sell stop at 117.00. Target Price (TP): TP: 112.00 📉 Stop Loss (SL): Place your stop loss at 121.88 to manage risk. Trade Summary: Sell Stop: At 117.00 TP: 112.00 SL: 121.88 Trade Type: Short Swing 📉 Good Luck! 🍀 Stay informed and trade smart! 📊
PSX:PPLShort
by Earn_withHassaan