SAZEW Weekly ChartBull Flag BO at 1040, Pole Length price change 990.13 in 175 days was added to BO 1040 Result in 100% Target rate 2063 that hypothetically achieved on 28 July 2025 where as 50% Target 1568.87 have to be achieved hypothetically on 05 May 2025
This is not a Trade call. This is just for educational purpose only.
SAZEW trade ideas
SAZEW Bull Flag Pattern Target Idea.SAZEW Uptrend starts on 28 Jan 2025 and in 14 working days go maximum. Then start downword and move up and down in a range that range BO at 1087 rate and current rate is 1141.
Flage Pole price change is 244 which was added to BO price giving target of 1320 (100%), Half of Target at 50% would be 1207 that expected to be achieved on 16 April 2025, where Final Target have to be achieved hypothetically around 21 April 2025
This is Daily Chart working and everyone have to do his own working for trade of buy or sell.
This is not for trade purpose but only for educational purpose
SAZGAR ENGINEERING WORKS LIMITED (4H, PSX):Sharp bullish move followed by downward sloping consolidation is showing a classic bullish flag on SAZGAR ENGINEERING WORKS.
according to the RSI value which is still lower than 50 percent, the traders and investors should wait for the breakout above 1119.24.
RSI = 43.56: Indicates weak momentum; not yet bullish. as the momentum and volumes are still low.
Make it or Break it Situation.
Currently Near Channel Bottom around
935 - 940.
Either it should bounce from 932 - 935 or
otherwise breaking 930 would open ways
towards 827 - 830.
As mentioned many times in my earlier analysis
that the Bullish Momentum would resume only
if it Crosses & Sustains 1200 - 1250 atleast.
2025 for Sazgar (My Own Sentiment)2025 may be a Cyclical year for stock selection. Fundamentals are very strong.
as an investor the buying should be as soon as now. Then stick to the technicals and buy more at February End or if the price goes down around 905 .
another buy position will be between 660 - 513 .
It can reach till 1700 - 2000 level at the end of year 2025 ( subject to controlled interest rates ).
Still Playing a RangeStill Playing a Range (as shared earlier on 10-12-2024).
Now, Hidden Bullish Divergence on Shorter TF.
Crossing 1116 - 1117 may lead it towards 1150
and then around 1190 - 1200.
On the flip side, 1050 - 1060 may act as a
Good Support & a bounce is expected.
Otherwise, if this level is Broken, we may witness
further Selling Pressure & price may touch 1000 - 10005
Fresh Entry is Recommended only if the
Channel is Broken Upside.
Sazew intra day and Swing trade levels.Sazew intra day and swing trade model
These are key levels 1273, 1191, 1141, 1101, 1061, 1004 and 930
When price crosses above from these levels take a trade and TP will be next level and TP 2 will be next to next level. Stop loss is below level. For example it is currently on 1081 so, we have to wait for next level of 1101 for buy entry, TP 1 will be
1141 and TP 2 is 1191 and stop loss is 1061.
Note: This is not a buy/sell call. Trade at your own will.
SAZEW- Buy for long ermSAZEW gave wonderful rally in last year. After that in last 100 days, it is moving on consolidation box. It also formed a cup and handle formation. breakout of consolidation box and cup and handle formation will give strength to Bulls. On fundamental part, company is doing good has very strong fundamentals. it is also launches two new model.
Overall SAZEW in bullish trend. one can hold for mid to long term with Tp-1 to TP-4 based on Fib projection.
SAZEW potential Buy setupReasons for bullish bias:
- Price bounced from Fib golden zone
- Overall, a bullish trend
- Price gave bull flag pole breakout
- Fundamentally a strong company
- RSI is synched
Here are the recommended trading levels:
Buy 1(CMP): 1100
Buy 2: 1048
Stop Loss Level: Closing below 960
Take Profit Level 1: 1260
Take Profit Level 2: Open
Sazgar Engineering Works Limited 1D PSX Chart - Cup & HandleThe Sazgar Engineering Works Limited (SAZEW) 1-day chart on the Pakistan Stock Exchange (PSX) shows a Cup & Handle pattern, which is a bullish continuation pattern. Here's a detailed description:
Pattern Description
- Cup: The pattern starts with a rounded bottom, resembling a "U" shape, indicating a period of consolidation after a prior uptrend.
- Handle: Following the cup, there's a slight downward drift or consolidation, forming the handle. This handle should not break below the support level of the cup's low.
Key Levels
- Stop Loss: Set at 1000 to minimize potential losses if the pattern fails.
- Buy Over: Enter the trade if the price moves above 1100.
- Take Profit (TP) Levels:
- TP1: 1225
-TP2: 1330
Trading Strategy
1. Entry: Buy when the price breaks above the handle's peak (around 1100).
2. Stop Loss: Place a stop loss at 1000 to protect against potential downside.
3. Take Profit: Set two take profit levels at 1225 and 1330 to capture potential gains.
Pattern Validation
- Volume: Look for an increase in trading volume during the breakout above 1100, confirming the pattern.
- Confirmation: The pattern is confirmed if the price continues to rise after the breakout, ideally reaching TP1 and TP2.
SAZEW is poised to make 75% gain on Weekly ChartThe stock was consolidating in the weekly Bullish Flag Pattern since July 2024.
Closing above 1203 on weekly basis will trigger the chances to hit the historic high level for the stock to be over Rs. 2050.
On the daily timeframe the stock has broke out the symmetrical triangle pattern, Closing above 1136 will trigger the target of Rs. 1277, an astonishing gain of 24% from these levels. One can enter the trade instantly with SL 965
SAZEW | Bullish Flag PatternBack with SAZEW trading idea once again!!!
SAZEW printed a bullish flag pattern with no sign of divergence. A bullish trend continuation is expected, entry is suggested at 1,070 with the stop loss below previous lower high level at 780. Previous top of 1,202 considered as TP1 and after the break out it can leads towards the completion of the pattern, the price can projected towards 1,500 and then 1,700.
SAZEW - Buy Call for Long-term holdingSAZGAR ENGINEERING WORKS, fundamentally is very promising.
Its share price is in the bull run since April 2024 and after recent retracement gas again started its bull run w.e.f. 05 Nov 2024.
Technically a Flag and Pole pattern has been drawn and replicated to arrive to subsequent TP values. Trend based Fib Ext tool has also been used to draw the confluence as TPs are falling near to key Fib values.
Current bull run will see the prices touching PKR 1910~1930 zone by March 2025 or latest by first week of April 2025 (giving 70% gain) . Then after profit booking prices may retrace to form a Higher Low in order to gear-up for another bull run by end May 2025 which will see prices touching TP-2 (PKR 2580~2600) by end Oct 2025 (giving overall 131% gain).
Buy:116 (instant)
SL: 903 (below HL)
TP 1: 1924 expected in March/April 2025
TP2: 2588 expected in October 2025
SAZEW | Bearish Flag PatternThis chart is for Sazgar Engineering Works Limited (SAZEW) on the Pakistan Stock Exchange (PSX). Here’s a breakdown of the analysis:
Bearish Flag Pattern:
The chart highlights a "Bearish Flag Pattern." This pattern is typically a continuation pattern seen in a downtrend, where the price consolidates before continuing its downward move. It suggests potential weakness in the stock price.
Support Level at 860 PKR:
There is a significant support level marked at 860 PKR. If the stock price breaks through this level, it could trigger further declines. Support levels are key price points where demand could potentially increase, preventing further drops.
Price Action:
The price is currently around 965 PKR (as of the chart date), and the stock has been in a slight downtrend. The bearish flag indicates that after a small consolidation, a drop could happen, possibly to test the support at 860 PKR.
Possible Rebound:
The chart suggests a potential rebound from the support level. If the price successfully tests and holds at 860 PKR, a recovery might occur, as indicated by the upward curve. However, if the stock breaks below the support, it could signal a bearish continuation.
Overall Outlook:
Short-term trend: Bearish, as suggested by the flag pattern.
Critical level: The 860 PKR support level. A break below it could lead to further declines, while holding it could signal a potential reversal or bounce.
SAZEW- LONG Trade CallLONG (Buy) Trade Call
Technical Analysis: Entry: On crossing Flag's Upper Resistance Level which will likely indicate a start of bull run. This is the safest approach to enter once bull run is confirmed. On the flip side of it comes Mr. Fibonacci - who gave us Fibonacci Equation. And over the past 4 decades now it is norm to consider Fib retracement for getting better entry prices. As per Fibonacci principal, Fib retracement value 0.236 (Rs 963) is tested 85% of the time before going back to the original trend direction, Fib 0.382 (820.80) 70% tested which is likely to happen around 11 Oct 2024. And if market sentiments go down then it can even touch Fib 0.618 (Rs 588.79) 30% chances.
Fundamental Analysis are very much in Favour as well.
Therefore, place Buy Orders according to your own best judgment. I'll personally take entry on either breaking of Flag's Upper resistance OR at Fib 0.382 (Rs 820).
Sazgar Future Prediction - Advanced AnalysisBased on current trends and market analysis, it is predicted that Sazgar will experience a decline till R 927. Following this, there are two possible scenarios:
Scenario 1: Trend Reversal (60% probability)
The stock will experience a trend reversal, indicating a potential change in direction.
Scenario 2: Further Decline (40% probability)
The stock will continue to drop, potentially reaching R 861. This level is considered a buying opportunity, as it may represent a bottoming out of the stock's value.
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