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SAZGAR ENGINEERING WORKS LIMITEDSAZGAR ENGINEERING WORKS LIMITEDSAZGAR ENGINEERING WORKS LIMITED

SAZGAR ENGINEERING WORKS LIMITED

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SAZEW trade ideas

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
PSX:SAZEWLong
by Golden_Spur
1
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.
PSX:SAZEWShort
by mbaberhanif
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).
PSX:SAZEWLong
by Golden_Spur
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. Give Bost for More Analysis
PSX:SAZEW
by JawadFarooq