TPLP PSX Trade PlanTPLP
Divergence
Buy when trend line breaks,
Stop loss and profit levels defined.
Fundamentally a weak stock,
Technicals will play according to this trade plan
TPLP trade ideas
TPLP- (PSX) - LONG Trade CallOn daily time frame price is at the bottom of trendline.
Bullish hidden divergence is also observed. Therefore LONG trade is in order.
Entry Instant Buy: 8.41
TP1: 9.20
TP2: 9.80
SL 8.20
TPLP_KSE100_#TPLP__#Trading_#daily_#call_#IdeaThe daily chart shows a strong bullish divergence, However the price making consecutive lower lows and lower closes, with this bullish divergence we are expecting the trend might reverse and Bulls may again step in and shows dominance.
The recent price action has formed a complex pullback, and now the price is testing the strong resistance zone 8.89, which is a psychological level. If the price maintain this level, I expect it the script will bounce back from this level and shows some upwards momentum. Potential levels identified on the charts as well.
# DYOR (Do your own research as well)
Traders, if you liked this idea write in the comments and give your feedback as well thanks
TPLP in ABCD patternTPLP is forming ABCD pattern, Trade is set considering that price will break point 'B'. No divergence is found which indicates bearish market.
TPLP is BullishA bullish divergence appeared, matured and is now playing out, previous lower high is broken and bulls seem to have to have taken control of the price action. This could potentially mark the beginning of a bullish rally. Targets are mentioned on the chart.
Bearish ABCD seems in playBuy around 10.45 - 11
Sell around 11.80 then 12.30
Stoploss 10 (closing basis)
If this level is broken, we may witness 5 - 6 levels
Breakout expectedP/E is low compared to rest of market and also low from it's competitors, it's added in few mutual fund so keep an eye on price action
