THCCLTHCCL analysis
Trying to in into daily channel
If successful then will touch channel top around 310
THCCL trade ideas
Still Bullish on Bigger Time Frames.Still Bullish on Bigger Time Frames.
Hidden Bullish Divergence has appeared.
Immediate Resistance lies around 186 - 189
Crossing this Level with Good volumes may
expose 197 - 200
Fresh Entry should be Triggered if 205 is Crossed
& Sustained; only then it may resume its Uptrend.
THCCL - PSX - Daily TF - LONG (Buy) Trade call RSI 14 indicator is above 70 line and there is no bearish divergence yet.
Klinger Oscillator is above '0' indicating a bullish state; however, Klinger Oscillator (Blue) is yet to cross over the trigger line (green).
EMA 89 line is also below the price chart indicating a bull run.
AB=CD Pattern has been drawn for TP1.
Pole and Flag pattern has been drawn for TP2.
THCCL - LONG (Buy Call)
Buy : Instant @ Market price : 94~95
TP1: 120.35 (Expected TP 22 Oct 2024 )
TP2: 130.25
THCCL- PSX - Technical AnalysisTHCCL price has made a wedge which is an indication of price going up any time. RSI has already bounced from 30 and moving upwards. Klinger is just hinting at likely beginning of the bull run for this SCRIPT.
Fundamentally, from cement sector, this will show progress as sales will be substantial during post Ramadan and pre-monsoon (April ~July). Coupled with company has already shifted its power requirements to solar energy, therefore manufacturing cost cutting is eminent.
This SCRIPT can be kept in portfolio for investment point of view as well since prices are already very discounted.
Trade Values:
Buy-1 :189.58
Buy-2: 167.08
TP-1: 233.36
TP-2: 255.66
TP-3: 305.41 (For SWING TRADE 6 months Plus)
TP-4: 336.62 (For SWING TRADE 6 months Plus)
SL: 159.88
Still Bullish on Bigger Time Frames.Still Bullish on Bigger Time Frames.
Hidden Bullish Divergence has appeared.
Immediate Resistance lies around 186 - 189
Crossing this Level with Good volumes may
expose 197 - 200
Fresh Entry should be Triggered if 205 is Crossed
& Sustained; only then it may resume its Uptrend.
