The stock was in a strong uptrend from October to January, staying within an ascending channel.The stock faced multiple rejections at the upper boundary of the channel. Each time it approached resistance, it failed to sustain the momentum and pulled back. Watchable zone The lower trendline is acting as a support. If this support is broken, the price may drop...
stock’s strong uptrend, trading within an ascending channel, and currently consolidating within a resistance zone. The price is currently consolidating within a red resistance box, indicating that it is facing some selling pressure.A breakout above this zone could trigger another bullish rally Immediate resistance: Around 12.20-13.50 PKR, where the stock is...
On previous Call 4th mar 2025 , Stock met his target . Now next Short-term traders may wait for a retracement to 40-41 PKR before entering long positions. The stock is moving within an ascending channel, with price action respecting both the support and resistance trendlines. The price is currently near the upper resistance of this channel,Around 45-PKR, where...
Key Observations: Elliott Wave Count: Currently, the stock is at the peak of wave (3), indicating that a short-term correction (wave 4) might be expected before the price resumes its uptrend toward wave (5). 48-50 PKR is a strong demand area for a potential bounce,If its Hold an upward move toward 62-65 PKR is expected in wave 5. RSI It recently touched an...
Gold broke below the lower trend line as expected, confirming a bearish move. Its first attempt to regain the lost support around $2,920 was rejected, showing continued selling pressure. For the sell-off to be considered over, gold must trade and hold above $2,928, ideally closing above $2,935–$2,940 to confirm strength. If it fails to reclaim this level, further...
Market Structure & Trend The stock is maintaining an uptrend, supported by a rising trendline. The price is currently near a potential support level, making it an interesting point for buyers. Buy Zones & Targets: Buy-1: 34-36 PKR → Target 40 & 46 PKR Buy-2: 40-42 PKR → Target 44 & 48 PKR
A previous upward trend was broken, leading to a shift in market direction. After the uptrend was broken, the price followed a downtrend but has now broken out of this downward channel. A symmetrical triangle pattern has formed, indicating price consolidation. Range Trading Strategy (If No Breakout Occurs) If the price continues bouncing between $2,850 and $2,950,...
: The stock is testing a long-term resistance trendline, which has previously acted as a strong barrier. A breakout should be confirmed with strong volume for sustainability. If a rejection occurs, price action could see a short-term pullback before retesting resistance. Key price target post-breakout: 58+ PKR Potential Buying Zones: Buy-1: Around 48-16% Buy-2:...
NBP’s price movement within an upward-sloping channel Lower Bound (~PKR 60-65) → Strong support zone. Upper Bound (~PKR 88-90) → Strong resistance zone. Trading Strategy Bullish Bias: Buy on dips near mid-channel support (~74-76 PKR) and target 88-90 PKR. Buy-1 : 74-15% Buy-2 : 70-20% Buy-3 : 65-33%
Short-Term Outlook: The stock is bearish, as indicated by the RSI, Klinger Oscillator, and price action near support levels. Potential Entry Points: If the RSI starts climbing above 35-40, and the price holds support at 85.60 or 80.01, it could present a buying opportunity. Risk Factor: If the price breaks below 80.01, expect further downside towards 72.04 or...
The overall trend is bullish, characterized by higher highs and higher lows. The price has been moving in a cyclical wave pattern, with corrections followed by strong upward movements. Possible Scenarios for March 2025 Bullish Case: If Gold follows its past pattern, it could retest the 3000-3030 level. Bearish Case: Break below 2820 will lead a deeper correction...
Currently XAUUSD trading at high-highs levels.this consolidation range counite until new breakout happens. Preference : Buy On Dips this and next week firstly will breaks support levels til 2900 and 2880 to Rise again to All Time Highs 3000-Plus
Trading Outlook: Bullish Case: If gold holds above $2918-20, it may continue its uptrend, testing $2940 and $2955 Bearish Case: No way....just Buy And Buy Preference : Bullish Trend
Trading Outlook: Bullish Case: If gold holds above $2873, it may continue its uptrend, retesting $2881 and $2888 Bearish Case: A rejection at $2,868–$2874 could trigger a pullback towards $258 and 2844 before resuming again an upward move. Preference : Bearish Trend
Current scenario any sell off happens , lived short for the time,Buyers step in immediately to buy the dip… Upon today data, gold maintain 2835-2840 support zone for upward trend. If the support breaks its very good opportunity to go for long.Next support zone 2815-2820.
Gold continues its strong upward momentum, breaking above the previous uptrend channel at the $2,850–$2,860 level and reaching a new high of $2,881. This rally highlights strong bullish sentiment, driven by a combination of economic uncertainty, geopolitical risks, and technical buying. However, extreme bullish moves often signal the potential for a market...