Hidden Bullish Divergence on Daily TF.Hidden Bullish Divergence on Daily TF.
However 35.50 - 36 is an Important Resistance
Zone that should be Crossed with Good Volumes.
Slight Resistance will be seen around 38 then.
TOMCL trade ideas
TOMCL: Bulls are preparing to Charge.The security after printing higher high prices has been sideways for quite some time.
The trendline was successfully violated almost a month ago. Afterwards the bulls staged a 2 day rally followed by a sharp legged recovery on 20th Dec. This shows the momentum is in favor of bulls. So when the bulls succeed in closing the price above 37.60 we shall join them. Pl observe SL in your trading.
pl do share your thoughts as we learn together.
TOMCL Trendline Break: Bullish ReversalTOMCL has broken its bearish trendline and the last lower low, accompanied by bullish divergence, indicating a potential bullish reversal. A buy at the current market price (CMP) is suggested, targeting the previous highs.
TOMCL is ready to flyTOMCL is ready to breaking its resistance and it will again cross level of 40, 43, 45 and 47
May be this time it could cross level of 50 too. Use stop loss below line of the triangle
TP is 40, 43, 45, 47 and 50. Note This is not a buy/sell call trade at your own will.
TOMCL-Buy CallAfter posting recent High of 46.6, it retraced upto Fib level of 50%.
Bullish Divergence on RSI,
Breakout of Bullish Flag with relatively Good volume
Bulls are expected to gain strength
With very strict SL, nice Risk to reward ratio expected.
One can get immediate target of TP-1, then TP-2 (Previous High) and TP-3 (Bullish flag Projection level)
TOMCL taking off for 65% potential gains within next 3 monthsThe stock has recently made a divergence breaking 38.5 will trigger upside journey, however, keeping the SL at 31.7 , one can enter the trade with first TP of 45.6 which will be a gain of 18%.
The second TP of the trade is Rs. 52.65 (total gain from entry point will be 36.7%), however, it will be confirmed once HH of 47.7 is break out
If the HH is broken out, the final Target as per AB=CD pattern would be 61 which is around 58% upside from the entry price and ~65% if the trade is taken immediately with SL of 31.7
TOMCL:LONGTomcl was trading in a bearish trend now price is retracing from 0.786 fib weekly level,so we can take a buystop entry
TOMCL (Buying and Selling Zone)Buying Range is 30 to 35
Seeling range is 37 to 45
Stop Loss at 28
Note: This is not a Buy/Sell call.
at Important Level...It may reverse from this level
but if 32.50 is broken we may witness
further downside towards 29 & then 21.
However, crossing 38 may lead
it towards 40 - 40.50 initially.
TOMCL.PSX - LONG Buy Trade CallTechnically after a Bull Run market went into Distribution Phase. The Distribution Phase is about to end as a Triangle pattern has formed which is very likely to cause price chart to enter into Advancing Phase that will trigger a bull run once again.
Seeing the Pole & Flag pattern (Yellow lines) the Bull run may go up to PKR 66~70 zone.
Earnings will be announced on 27 Nov which will further pump the price and then one can exit by booking profits.
Fundamentally, the company is looking promising as recently it has got a deal with a Chinese company for providing meat to Chinese consumers. The company's share can be held for long term as well.
LONG Buy Trade Call
Entry 1: 41.40
Entry 2: 40.00
SL: 34.40
TP1: 46.75
TP2: 56.00
Though Still Bullish on Weekly TF, butThough Still Bullish on Weekly TF, but There is also
a Bearish Divergence on the same TF.
Pressure is Still on it and 35 - 35.50 can be
witnessed if 39.50 is broken.
It would not reverse into Bullish Momentum, unless
it crosses & sustains 43.20
Trailing Stoploss will be the Best StrategyThere is a Bearish Divergence on Daily TF,
so Trailing Stoploss will be the Best Strategy
to Enjoy More Profits at least till 51.50 - 51.90
Stoploss can be trailed at 37 on Closing basis.
TOMCL - BULLISH ENGULFING, TG : 41.38TOMCL - bullish engulfing, likely to continue uptrend, TG: 38.00 - 41.38 initially.
The immediate risk will define below 32.70.
TOMCL - Aiming for PKR 47.00TOMCL recently reached its target at PKR 41.38, which also marks a strong resistance zone. Keep a close watch.
TOMCLThe price has been observed to move within a parallel channel, with recent closings nearing the lower trend line of this channel around 35.06. Notably, this level coincides with a test of the 50-day Simple Moving Average (SMA). Based on this analysis, a potential pullback is anticipated from this region.
Consideration may be given to establishing long positions around the 35 mark, accompanied by a stop loss set at 32.50. The primary target for this trade is set at 40.
Tomcl Analysis.(Buy)Analysis: 📈 Tomcl forms a bullish flag pattern, indicating potential upward movement. However, recent RSI divergence caused a temporary fall to form a higher low (HL), aligning RSI with the price action. The price is currently at the channel top, encountering resistance. Crossing this level with substantial volumes could trigger a bullish momentum.
Strategy: 🎯 Consider buying Tomcl above 34.50 or ideally above 38.50, targeting initial gains at 40.60 and then aiming for 45.00. Ensure volume confirmation for sustained bullishness. Keep an eye on price action near the channel top for breakout signals. Happy trading! 🚀
TOMCL - GARTLEY PATTERNAfter a bearish trend, TOMCL has reversed its trend , good bullish move is expected. Long entry recommended in TOMCL.
TOMCL - DOUBLE BOTTOMTOMCL made its double bottom, bullish move is expected in coming days, Long entry recommended in TOMCL.
TOMCL🚀 Stock Alert: *TOMCL*
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 18.80 - 19.00
🎯 First Target : 19.70
🎯 Second Target : 23.00
⚠ Stop Loss: 18
⏳ Nature of Trade: Mid Term
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
TOMCL is BullishTOMCL is in a good bullish momentum and printing higher highs and higher lows, the rally is expected to continue. Targets are mentioned on the chart.
PSX -TOMCL OutlookAs we can see TOMCL is in Bullish trend by making higher high and higher low with healthy volume each day and being part of top Volume leaders. which reflect the healthy and positive activities in the stock.
Entry:23.98
SL: 21.50
TP1:26.46
TP2:28.92
