SEARL Buy CallSEARL (PSX) has given a breakout from the pennant formation with decent volumes. Buy at mentioned price for a risk reward ratio of 2.22. Use trailing stop loss once it hits TP1. Enjoy Trading!
SEARL trade ideas
Double BottomMade a Double Bottom around 92 - 93.
Immediate Resistance is around 107 - 108.
If 112.20 is Crossed with Good Volumes,
we may witness 120+ & then if 128 - 129
is Sustained, 150+ is on the cards.
On the flip side, it should not break 87
SEARL LOOKS BEARISH LONGTERMSEARL LOOKS BEARISH LONGTERM (5-10 years from now)
SEARL has a very long leg from start to the top of 300 value. This long leg makes it vulnerable in current scenario for long term upward progress. After top it has been on decline reaching to ~35.
However the bounce back does not look impulsive instead it has corrective nature.
In my analytical view I can not rule out a impulsive downward movement until and unless crosses above 750.
Currently, it must cross and sustain above 180 to show some indication of long-term upward progress.
Nearest levels of upward rejection can occur at 100 (did not happen), 130 (happened) and lastly 180.
130 rejection can be considered as upward rejection if it moves down below 75. Otherwise it can test 180 value.
If it sustains above 180 then the rejection values are 300, 550 and 740.
Any sustained upward move above 750 will confirm the long-term targets of 1900, 6000, 11000 and 22650.
The impact of rejection from upside is displayed by arrows showing two scenarios of rejection to downside and their possible targets.
GOOD LUCK
DISCLAIMER:
The information provided doesn't guarantee results. 𝙏𝙧𝙖𝙙𝙞𝙣𝙜 𝙞𝙣 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙢𝙖𝙧𝙠𝙚𝙩𝙨 𝙘𝙖𝙧𝙧𝙞𝙚𝙨 𝙧𝙞𝙨𝙠𝙨. Individuals should perform a thorough analysis and consider their risk tolerance before making investment decisions. 𝙄 𝙖𝙢 𝙣𝙤𝙩 𝙧𝙚𝙨𝙥𝙤𝙣𝙨𝙞𝙗𝙡𝙚 𝙛𝙤𝙧 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙡𝙤𝙨𝙨𝙚𝙨 𝙧𝙚𝙨𝙪𝙡𝙩𝙞𝙣𝙜 𝙛𝙧𝙤𝙢 𝙖𝙘𝙩𝙞𝙤𝙣𝙨 𝙗𝙖𝙨𝙚𝙙 𝙤𝙣 𝙩𝙝𝙞𝙨 𝙥𝙤𝙨𝙩. Consult with a qualified financial advisor before entering to trade in stocks.
Still Bullish...but...Currently at Resistance level around
127 - 129.
The Stock is still Bullish & has the potential
to move upside.
However, some retracement till 109 - 111 is
expected.
& then if 129 - 130 is Crossed with Good Volumes,
we may witness 150 - 170.
SEARL Long positionMonthly breakout confirmed
Short term TP Rs 100
Long term TP Rs 125+ and than trade with trailing stop loss.
Fundamentally, last quarter massive write-off done so in upcoming quarters we will see good profits
Impact of non-essential essentail products pricing will also improve profitability
SEARLAfter Accumulation period it broke its last HH, no makeing new HHs and HLs.
price should hit the level of 99.
Watch Key Levels (SEARL)ou can closely watch the levels I've mentioned on the chart via the text. Before a breakout or breakdown, consider playing within the range with a stop-loss. If a breakout (BU) or breakdown (BD) occurs, check other supporting indicators or parameters before executing your trade. Always conduct your own research before making any decisions.
Play on LevelsDouble Bullish Divergence on Weekly TF.
Confluence of Trendline Support &
Horizontal Support around 58.
65.50 - 66 is a Very Strong Resistance.
SEARL, Ascending Triangle BreakoutBearish Trend Reversal after Double Bottom
Ascending triangle
Breakout of Triangle
Breakout Retest
Buy at current price
Stoploss 54
Projected Target. 90-95
SEARL- Bullish IdeaSEARL has been in consolidation for a long period but recently it broke the range in upwards direction. Currently it has made a divergence at 4-hour time frame. So, it may go for a deeper correction to test the previous resistance currently working as a support. Look for buy setups with confirmation.
Searl seems bullishSEARL seems bullish after long maturation and collection period of shareholders.
The main buying anf profit taking levels are accurately calculated and mentioned on chart.
The only pivot region is stop loss, if it hits and is sustained then a big blow by BEARS will be waiting to low down SEARL price as much as around 20.
Bullish Divergence on Weekly TF.
However, still not able to Cross & Sustain 65 - 66.
For now, confluence of Trendline Supports is there
around 53 - 55; lets see if it gets respect or not!
Currently , it is in moving in Sideways.
For a Positive Momentum, it needs to Cross & Sustain 65 - 66.
Morning Star Formation on Daily TF.
Inverse H&S Target is around 83 - 84
provided it Crosses & Sustains 74.
It is Important to Sustain 64.50 for
further Upside.
SEARL - BullishSEARL - Wedge formation
Buy, if breaks wedge trend line with volume, may target 87. Initial stop loss mentioned and keep trailing stop loss afterwards.
SEARL- Short Call - Bearish SignalsStock is showing double top bearish pattern confluencing with bearish divergence on daily time frame.Also yesterdays bearish engulfing candle supports bearish bias.
Could be a very good short entry with stoploss above recent high and targets should be the last HL.
SEARLWe can attempt to buy SEARL from specified level as 0.5 FIB also intact , also there is no bearish divergence at current levels.
SL , TP mention in chart.
a Very Strong Resistance around 65 - 66
However, a Bullish Divergence on Weekly
as well as Monthly TF is a Positive Sign
On the flip side, it may take Support from 53
then 49.
Weekly Closing above 53 may trigger Positivity
SEARLE - 1H - Bullish Flag - PSXIn this chart we have observed a Bullish flag formation on one hour time frame and we place entry, SL & TP accordingly. No Divergence spotted.
Searl PSX Price is forming an inverted head & shoulder pattern showing bullish momentum, also supporting the line.
