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SUI SOUTHERN GAS CO LTDSUI SOUTHERN GAS CO LTDSUI SOUTHERN GAS CO LTD

SUI SOUTHERN GAS CO LTD

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SSGC trade ideas

SSGCA rising wedge or ascending channel is forming. A descending channel target is marked at 25.80 PKR in case of a breakdown. Key Price Levels & Trade Strategy: Safe Buying Zone: Above 39 PKR if sustained. Take Profit (TP) Levels: First TP: 44.40 PKR Second TP: 48.25 PKR Long-term TP: 50 PKR (if a bullish divergence forms and price breaks upward). Relative Strength Index (RSI): Displayed below the price chart. RSI appears to be declining after a peak, which could indicate a potential pullback or consolidation. Interpretation: Bullish Scenario: If the stock sustains above 39 PKR, it could rally toward 44.40 PKR and 48.25 Bearish Scenario: If it fails to sustain and breaks below support, it could drop towards 25.80
PSX:SSGC
by zahid_iqbal6220
2
Understanding SSGC’s Upcoming Bullish Trend OR Sideways ?The stock was in a strong uptrend from October to January, staying within an ascending channel.The stock faced multiple rejections at the upper boundary of the channel. Each time it approached resistance, it failed to sustain the momentum and pulled back. Watchable zone The lower trendline is acting as a support. If this support is broken, the price may drop towards PKR 25.00 - 22.00. Sideways (Higher Probability) A break below 32 PKR will confirm a sideway trend with range bound activity (24.00 - 28.00) Bullish Case (less likely ) If the price breaks above 38 PKR,This would signal a bullish reversal, with potential upside targets at 46-48PKR.
PSX:SSGC
by jahanzaibM
SSGC TRADE IDEA. RETEST + FVGSSGC is currently on a loosing streak after rallying up almost 80 percent after the breakout on daily chart at 28.75 The stock is now again coming back to retest the previous high at 28.75 There is a fair value gap also around 28.75. A large amount of liquidity is resting at 28.75 to 29.00. The stock will show a quick bounce from these levels. But the stock will be very volatile near these level as mentioned above. put limit orders also watch closely near 28.75 to 29.00 As the big players also might hunt for stop losses just below these levels so be careful and watch carefully but this is a big chance to buy as the stock will rally quickly around 10 to 15 percent after absorbing liquidity at these levels! LETS SEE WHAT HAPPENS.
PSX:SSGCLong
by abdul0705pvt
SSGC - PSX - Technical Analysis - Fib and AB=CDSSGC is in bull run since 23 Oct 2024. KVO is suggesting a very strong buying with high volumes. RSI Indicator is almost at 82, indicating a very strong control of Buyers. Previous data analysis also suggest that RSI touched 93 level before prices went into retracement. Therefore, still there is some room for prices to go further up before retracement begins. Historically, a resistance zone is present between 41.50 to 43.61. Therefore, a retrace is very much possible after testing TP-1. Hence, drawn AB=CD pattern is also in confluence with this analysis for arriving to the TP-1. ATH (All Time High) of 54.78 is TP-2 and even beyond is possible in this bull run. SSGC is expected to be staying in Bull run till end Feb, but will depend on Dec quarterly report as well. Trade Values Buy (Mkt) : 35.89 TP-1: 41.58 TP-2: 54.78
PSX:SSGCLong
by Golden_Spur
1
SSGC:- CHANCE OF BOTTOM FISHING,Since August 2015, after posting the historic high, the script has been in down trend. To break this vicious circle an attempt was made in the last quarter of 2023. Since than bulls have been under pressure. In the month June the bulls have been holding the turf thus making a bullish divergence on RSI on daily time frame. Bulls have taken the price to the level of 10.21 twice. If the price is sustained above 10.25 we may initiate a long position. SL shall be at 8.25 and TP is at 14.2. Due diligence and strict money management is solicited. Have a profitable trading.
PSX:SSGCLong
by usufgul
SSGC Recognizing Trends and Key LevelsPresently, the price of the asset is on a downward trend, meaning it keeps making lower highs and lower lows after being stopped by a downward trend line. To switch to an upward trend, we need to see the price break above this trend line. The first level of support, where the price might bounce back up, is around 10.60. If it falls below that, the next support level is around 9.60. On the other hand, if the price manages to break and stay above 12, it could head towards the next resistance level at 13. Keep in mind, there's a significant barrier to further price increase around 14.20.
PSX:SSGCShort
by mbaberhanif