Still have Potential ...?Today it Capped & later it Lower Locked.
Picture will be more clear upon Weekly
Closing.
SAZEW trade ideas
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 Simple Box Trade PlanSazew is consolidating itself in a well define box which may give a breakout for a next bull move. Buy stop should be made if it successfully breaks the box on closing basis
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 long term targetsIf it closes above 1200 on a weekly basis, then we may see another rally in Sazgar. This share is for long term and can double your investment.
The long-term target is Rs 2000 above. All the details are given in the chart
Sazew 27 Nov 2024 Bullish and Bearish zonesBullish zone is above 1000
Bearish zone is below 953
Note: This is not a buy/sell call. Use stop loss whenever trade.
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
old analysis played well As mentioned in last analysis, it successfully
touched 1050 after sustaining 955.
Now it is near Immediate Resistance area.
Currently, it is moving in a range from around
930 - 1050
Sustaining 1065 may lead it towards 1100+
On the flip side, 930 is a very Important Support.
Sazew resistance 1038 is very importantSazew current financial results are good and these levels could be crossed by #Sazew, Important resistance level is 1038, and it could touch these above levels.
Note: This is not a buy or sell call, Trade at your own risk and decisions.
It is important to Sustain 955 for now, It is important to Sustain 955 for now, if it is
sustained, we may witness its immediate
resistance around 1020 - 1050.
Next Support seems to be around 830 - 850 &
then around 800 - 803.
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.
Give Bost for More Analysis
Bearish Divergence on Daily TF but..Bearish Divergence on Daily TF may
put some pressure on price, but still it
is Bullish on Monthly TF.
However, it would continue its Bullish Momentum
only if it crosses and sustain 1210.
On the flip side, as mentioned in last analysis,
immediate supports can be around 927 & then
around 830 - 850.
Still Bullish on Bigger TF but.. but Bearish
Divergence has appeared.
Important to Sustain 1032 - 1035
for an Upside move.
If this level is Not Sustained, Next Lower
Levels 927 & 863 will be exposed.
Potential Support Zone??Slight Bullish Divergence on Hourly TF.
If Current Level is Broken, we may witness
the Next Support Zone.
SAZEW | Bullish Pennant PatternSAZEW printed a bullish pennant pattern with no sign of divergence. A bullish trend continuation is expected, entry is suggested at 700 with the stop loss below previous lower high level at 650. Previous top of 782.50 considered as TP1 and after the break out it can leads towards the completion of pennant pattern, the price can projected towards 1,000.
SAZEWBearish divergence is observed in *SAZEW*, RSI indicator is at 84 which indicated price is overbought, first support lies around 926 and secondary support lies around 865. Can be consider on support levels in 2 step.
SAZEW - Bearish Divergence in play on Daily Time FrameBearish divergence is in play on the daily time frame, and the price is expected to retrace up to 650 before moving upward.
Let's see how it plays out in the next few days.
