PREMA trade ideas
PREMA Stock Analysis: Uptrend Intact, But Is a Pullback Coming?The stock is in an uptrend, as seen from the ascending trendline support.
Recent price action shows strong bullish momentum, with consecutive green candles pushing the price higher.
A potential consolidation phase is expected before another upward move.
Short-term Demand zone 33-34 PKR
Strong Demand zone around 28-30 PKR,
PREMA - PSX- Technical Analysis - BUY CallOn Daily time frame, PREMA after making sharp gains has retraced to more than 60% becoming very attractive for Buyers.
KVO has also started to change its direction upwards indication a shift of momentum coming up. On RSI, there is a Hidden Bullish Divergence in the making which indicates a very sharp up trend coming up. Therefore, buying immediately at market price will yield substantial gains in quick time.
My Trade Values :-
Buy (Mkt): 23.50 ~ 25.00
TP1: 38.50
TP2: 45.50