DawoodKK

DawoodKK

Please exert caution as ADX is on high side and RSI is exhibiting signs of bearish Divergence on Daily Time Frame. It does not imply that positions may be closed on immediate basis BUT to remain alert and book Profits on time so that accrued ones may not get eroded.

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Scrip Analysis with viable anticipated viable Profit Targets and also hopeful to materialize soon as well. Lets c how it plays...

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Scrip has the potential to go towards upside and therefore approximate Profit Targets marked for ready reference.

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This is the GLAXO's Weekly chart Glaxo after significantly remaining range bound for approximately year and a half has initiated its upward journey. Upside expected / attainable Profit Targets marked. Lets c what happens and how it plays.........

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A two-day Volume comparison Analysis (03-09-24 & 04-09-24) Today the Total Vol stood at 35.345M as compared to Yesterday's Total Vol which was 17.409M, an absolute increase of 17.936M and a %age increase of 103.03%. In contrast to that, Yesterday's Delta Volume (closing figure), which is actually the difference of Buying MINUS Selling Volume was 14.237M as...

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MEBL is currently on the S3 Level of Daily Pivot and has taken support at this level. It has also retraced more than 0.786 Fib level. if it is not able to sustain the current Price level then expected to go further down, levels given. on the contrary, for upside, levels also given.

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Scrip is Bullish on HTF i.e. Weekly and Monthly and LTF as well BUT it is Bearish on DTF, H4 and M15 Time Frames due to the following reasons: - Candles are engulfed in the cloud Formation of a RED cloud ahead, though it is not very dense Base Line is ABOVE Conversion Line. Lagging Span has also pierced the candles and if the scrip remains in the consolidation...

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Price is below Kumo and will be receiving a strong resistance from it. Lagging Span is also below the candles and the cloud as well and a such needs to cross all these barriers for a good upside move.

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Confronting a strong Supply zone which the scrip needs to break & sustain for upward movement. Lagging Span also needs to cross the Base Line, though it has crossed, but with narrow margins. Stock is Bullish on HTF and LTF.

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Good movement observed in Scrip which crossed the Conversion Line towards upside and very near to the Base Line & EMA 44 and then subsequently also Intersected with the Base Line and EMA 44 Level. Need to sustain this Resistance Level for further upside move. Some Resistance was expected from this level i.e. Base Line and the EMA 44 Price Level. Next strong...

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Has touched and taken support on the Conversion Line. Base Line is descending, and a crossover may take place with Base Line, which will confirm downward movement. Lagging Line has breached the Price Line and the Conversion Line and if it penetrates the Base Line, it will strengthen the notion that Market is towards the Selling / downside side. Price which had...

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A couple of days ago LCI made a very good Bullish candle and also touched its High at 1038, but could not go straight further up continuously, reason being, that it was approaching a strong Supply zone , from where it was bound to get resisted and it has not been successful till currently. While analyzing MTF, it was observed that the Scrip was Bullish on HTF...

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KSE100 march towards the Discount zone. Let's wait and see what happens as market is quite uncertain due to geopolitical world situation.

DawoodKK Updated 

KSE100 is sideways and both upper and lower areas marked

DawoodKK Updated 

AIRLINK approximate Targets zones towards upside and downside given. Crossing its previous Higher High will further pave way for further movement towards the upside and may target 121

DawoodKK Updated 

On hourly basis Scrip is in upward trend after having taken a correction of 38.20% and also touched 23.60% Fib levels towards the upside. This is indicative of the fact that the stock may move towards the upside. Approximate upside zone marked. Also KSE is currently unstable and jolting, which may have a negative impact on the overall market and the stocks as...

DawoodKK Updated 

Scrip has taken a good correction of more than 50.00% and penetrated the Golden Zone. Formation of a Green Candle hopefully signals a move towards the upside and relevant Price levels / zones marked. But as markets aren't predictable 100% and can move in any directions, therefore we should also be prepared for the unforeseen movement and define levels towards...

DawoodKK Updated 

Next Upside and Downside levels anticipated for 23-07-2024 and onwards keeping in view the volatility of the Market. If correction is completed then upside move evident, otherwise it can land down.