Golden_Spur

Golden_Spur

NML has been in down trend for quite some time. Its price was below monthly bearish trend line. On Daily time frame it has just crossed above the monthly bearish trend line (orange thick line). EMA 91 is just below its current price on Daily TF. RSI also going up. Only Klinger is facing downwards but it will change. There are two scenarios:- Scenario ONE- it...

Golden_Spur

On monthly chart Crab harmonic pattern has been drawn. It is evident that in long run this SCRIPT is going to perform. On Daily TF, price is above EMA 89 line and Klinger is also above zero with RSI indicator close to 70 mark with no divergence. Moreover, the last candle closed without any wick which indicates a GAP up opening on next day or at least bullish trend...

Golden_Spur

Presently it is in Bull run but the momentum is lesser than previous bull run. Killinger Oscillator suggests that at the moment Bulls are in control. The price has always respected Bollinger's Band upper limit and has always retraced back to center line. Based on previous 15 months bull run, it is expected that it will touch Rs 43.45 in February 2025. Therefore,...

Golden_Spur

Klinger is above Zero and Blue is above Green line. RSI indicator also suggests a bull run. Price has already crossed 18.00 mark which is ATH. Therefore, big and sharp bull run is on the cards. LONG (Buy) Trade Call Entry: Instant 18.50 TP: 25 SL: 14.75

Golden_Spur

CHERAT CEMENT Klinger is above Zero indicating Bullish trend. However, Blue line is yet to cross green line - once it does so, bull run will take momentum. RSI indicator suggests a Hidden Bullish Divergence means continuation of an uptrend. Technically correct entry will be after price reaches 182.00. LONG (Buy) Trade Call Entry : 182 TP: 200 SL : 173

Golden_Spur

On daily TF, from 05 Aug till 25 Sep 2024 Trend was Bearish. Now Price is in sideways. It is also below SMA 89 curve but not by much. Volumes are very low as well. Klinger Volume Oscillator suggests that Bulls are taking over the Bears but not by much as cross is very slanty not vertical, additionally it is below Zero line which means overall in Bearish zone....

Golden_Spur

AB=CD pattern has been drawn which suggest that it should reach 200 mark by 2 Dec 2024. On RSI there is no divergence therefore bull run will continue after small correction. 151.82 is previous all-time high, which is critical area. Buy now and till price retraces, if retraces, till 139 is very good opportunity. Stop Loss for SWING traders is 120. However, for...

Golden_Spur

Fundamentally it is looking strong but in End June 2024 it gave negative earnings (loss). Therefore, it went downhill. However, recent inside buying of 2 Mil shares by its director suggest upcoming big earnings which are evident from quarterly report. Technically, it has dropped below parallel channel. Now after bouncing from a strong support level, it is making a...

Golden_Spur

Price after breaking the bearish parallel channel went sideways. Now it can go either way up or down. RSI indicator suggest that it is likely to continue going down. Therefore, wait till it crosses Rs 42.25 value to initiate Buy. EMA 89 suggests that it is still in up-trend but price is closing on it and hence may go down.

Golden_Spur

After retracing in a channel price is likely to reverse from here. Fib retracement 0.618 already touched and it may even touch 0.812 level. RSI indicator is still bearish no prominent divergence, but it may reverse in a couple of days. Technically very correct entry should be on break of parallel channel's upper line, however, if one wants to enter with better...

Golden_Spur

PAEL Analysis EMA 89 support line is tested by the price, and it even went down but very next day moved up. RSI indicator also suggest that trend is gaining momentum to uptrend. Trade Value: Buy 1: 25.25 Buy 2: 24.75 TP: 27.30

Golden_Spur

FCCL - Daily TF Currently trend is in uptrend. AB=CD harmonic pattern has been drawn which indicates that PRZ is close, and price may reverse after testing Rs 27.70 to Rs 28.45 zone values. Hidden Bullish Divergence has already caused a pump in the price. RSI indicator also suggests that momentum is highly bullish and is going to put market in oversold condition...

Golden_Spur

LONG (Buy) Trade Call Technical Analysis: Entry: On crossing Flag's Upper Resistance Level which will likely indicate a start of bull run. This is the safest approach to enter once bull run is confirmed. On the flip side of it comes Mr. Fibonacci - who gave us Fibonacci Equation. And over the past 4 decades now it is norm to consider Fib retracement for getting...

Golden_Spur

HUBCO - On weekly candles chart, is posting very large red candle so far. Such huge candle indicates dumping in big numbers. I'm inclined to refrain from buying till it touches Buy2 price close to 113. If it crosses key support level, then I'm out by initiating Sell through Stop Loss. Then I'll wait to buy it once it touches yellow lines. I also add that RSI...

Golden_Spur

Technically 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...

Golden_Spur

On Daily TF Trend is overall Bearish. By looking at RSI indicator it is evident that Bears are in control here. Price is likely to test 103.5 support level and by the look and Volume of candles it is giving an impression as if price is likely to break the support level of 103.5 and will test 94.5 level. And even can go further down and test third support level at...

Golden_Spur

HUBCO is retracing and it may bounce back from its support level is at 126.45 . On Weekly time frame it is also evident that selling is on for booking profits by big fishes. Since market sentiments are also a bit negative, therefore, chances are that it will test support level of 109 as well. So first Buy Call at 126.45 to 127 will fetch very good returns. And...

Golden_Spur

On Daily TF Bearish Reversal Butterfly pattern has been drawn. $3000 mark is beginning of key reversal zone. No divergence on RSI is present and momentum indicator suggests that trend will continue upwards. Entry : 2600 SL: 2400 TP1: 2800 TP2: 3000