Bullish on All Time Frames.
Bullish Divergence on Monthly Basis.
Falling Wedge Pattern on Weekly TF.
Crossing & Sustaining 14.70 may lead it
towards 18.30 - 19.50 initially.
11 is an Important Level that should not
be broken.
TPLP trade ideas
TPLP Buy Trade PlanTPLP is trading in a bullish penant and has taken support on key fib levels. TPs are 15.45 and below 17
Bullish on All Time Frames.Bullish on All Time Frames.
Weekly Bullish Divergence playing well.
Potential to touch 17 & then 19 - 19.50
However, little Resistance is around 15.50
Good Support is around 12.80 - 13.50
Uptrend in TPLPThere is a clear uptrend in TPLP and no divergence in the chart on the daily timeframe. The current uptrend is expected to continue following the Dow Theory and forming new HHs and HLs as per the Entry Point, Stop loss, and TPs highlighted in the chart. This can be a good point to take long positions in TPLP.
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 is BullishPrice was in a strong downtrend respecting the descending trendline. However, bullish divergence followed by the break of trendline hints the control of bulls. If the bulls manage to break previous lower high then a bullish reversal is on the cards as per Dow theory. Targets are mentioned on the chart.
TPLP-PakistanBreak out of trend line and accumulation phase
Bullish Divergence on RSI
Breakout and closing above last LH will give strength to Bulls
Price is expected to move up
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
