Waves - Bull FlagPSX:WAVES forming Double Bottom on Daily TF and breaking out of Bull Flag accumulation. AL and Targets mentioned.
WAVES trade ideas
Bullish Divergence on bigger time frames.
Bullish Divergence on bigger time frames.
Currently in a Consolidation box.
Those who cant wait for long, should wait
for the breakout around 9.
Upside targets can be around 11 - 11.50
initially.
Strong Support seems to be around 6.
On the flip side, if this Support is broken,
the next levels would be around 3.
Waves Corporation-BuyWaves corporation is making HH and HL. recently it retraces up to 61.8% of fib level, respect ascending trend line, made very bullish candle pattern and also formed Hidden divergence which is indication of continuation of current bullish trend.
with 1:1 risk reward ratio, buy call can be taken
WAVESBuy WAVES and thanks me later.
waves is in accumulation phase and formed strong bullish divergence on weekly time frame.
If the accumulation box breaks to the upside we will witness the massive bulls rally towards 20+ level.
Bullish Divergence on Monthly TF.Bullish Divergence on Monthly TF.
Double Bottom Formation around 5.90
It may touch 13 - 13.50 if 9.85 is Sustained.
Immediate Resistance is around 8.50 and then
9.85 - 10.40 range.
Players may enter in this stock with a
Stoploss of 5.89 on closing basis targeting 13;
BUT TRAILING STOPLOSS SHOULD BE THE APPROACH.
Last Analysis were shared on 23-08-2024.Last Analysis were shared on 23-08-2024.
Alhamdulillah it went well. Could not
cross 10.50 resistance.
Now it seems to be near its Support level
of around 5.80 - 5.90; with Strong Bullish
Divergence on Monthly Basis.
Entry can be taken with a Stoploss just below
5.50
However, more safe entry would be once it
crosses 10.60; targeting 13.50 - 14.
PSX : WAVES WAVES is in downtrend since july 2021
As the market is consistently printing new LHs and LLs.
Currently the market has formed a double bottom on weekly with div and broke the last LH ,
seems like after forming a new HL bulls are getting ready for some upside movement.
initial buy 7.12
2nd buy 6.61
SL 5.80
TP1 8.45
TP2 9.79
WAVES Analysis 2.0 (Long).🚀 Trade Alert: WAVES ABCD & Double Bottom Pattern 🚀
We have identified a compelling trading opportunity in WAVES, showcasing a confluence of bullish patterns:
ABCD Pattern 📈
Double Bottom Pattern ⏬⏫
Entry Point:
Our entry was marked at the Higher High (HH), with the neckline breaking at 8.44.
Current Market Price (CMP):
We recommend buying at the CMP with the following target prices:
Target Prices (TP):
TP 1: 8.84 🥇
TP 2: 9.30 🥈
Technical Indicators:
The Relative Strength Index (RSI) is synchronized, supporting our bullish outlook.
Trade Summary:
Buy at CMP
TP 1: 8.84
TP 2: 9.30
Good Luck! 🍀
Stay informed and trade smart! 📊
WAVESWe can attempt to buy WAVES from specified level as 0.618 FIB also intact.
SL , TP mention in chart.
Waves-psx Waves is in consolidation/triangular place a buy stop at 8.4 with avg buy at 7.10
SL 6.4
TP 9.2
manage your risk accordingly
WAVES | Cup & Handle Pattern Vs Trend Line SupportWAVES displays a promising bullish reversal pattern characterized by the formation of Cup & Handle pattern. Additionally, the stock price is supporting its ascending trend. Our plan entails accumulating the stock within the designated buy zone (7.20 - 7.50 range), while setting stop loss orders below the bottom of its CUP around 6.50 to manage risk effectively.
Anticipation builds initially around its neckline around 8.20 and upon the breakout from the neckline, anticipated around the 9 area.
It is paramount to approach trading with caution and adhere to sound money management principles. Your insights and perspectives on WAVES are encouraged.
Possible Morning Star FormationPossible Morning Star Formation
on Monthly Basis (if closes above 7.30 - 7.40)
Bullish Divergence on Weekly TF
Bullish ABCD Pattern has also completed
around 6.50 - 7.0 range (possible reversal zone)
Also, Started making HH HL on Daily TF
Daily Candle Closing Above 7.80 may also
trigger positivity
5.80 should Not be Broken! otherwise it will
remain in Downtrend
WAVES is BullishWAVES was in a downward trend, however it broke previous lower high and printed a higher high, it would print a higher low now and then move to new highs as bulls seems to be in control of the price action. Targets are mentioned on the chart.
Waves-PSXWaves psx is currently displaying a promising technical setup making HL at horizontal support with 0.5 Fib support
Buy the pullback !!!
