PSX
Played exactly the same as predicted last week. KSE100 Closed at 114113.94 (02-05-2025)
Played exactly the same as predicted last week.
Now seems like Hidden Bullish Divergence is appearing.
Important Supports :
S1 around 113100 - 113400
S2 around 110500 - 110800
Important Resistances :
R1 around 114630 - 115120
R2 around 117000 - 117500
Continuously Making HH HL on Bigger TF.Continuously Making HH HL on Bigger TF.
It has crossed an Important Resistance around
24.90 - 25 & now it has 2 Important Support Levels;
S1 around 24.30 - 25(this seems a Stronger one)
S2 around 22
Should not Break 18 as of now.
It still has the potential to touch 30 - 31.
Interloop - ILP: Potential Bullish The chart for Interloop Limited (ILP) shows the stock currently trading within a downward-sloping channel, with clear support at 59.14 (marked by the yellow line) and resistance at 61.42. The price has been consistently testing the lower boundary of this channel, and the support level at 59.14 has held in the past, indicating it could offer a potential bounce. If the stock manages to hold above this support, it could initiate an upward move.
A breakout above 61.42 would be a strong bullish signal, suggesting the stock could continue to rise towards the next resistance levels around 64.00 or higher. However, if the price fails to maintain support at 59.14, it could slide further down to 52.86, marking the next significant support level.
Overall, the stock is in a downtrend, but the current setup provides an opportunity for a potential reversal if it successfully breaks the resistance and holds above support.
Bullish on All Time Frames; butBullish on All Time Frames; but
Strong Resistance lies around 12 - 12.20
Those who are Holding, Must Trail their
Stoploss to 10.30 (at least)
Though there is Hidden Bullish Divergence, but
Strong Resistance is lying ahead.
Those who want to Take Fresh Entry, should
wait for 12.20 to Sustain.
One thing to note is a Bearish Divergence on
Daily TF. But since this is on Daily TF, so slight
Pressure may bring buying Opportunity (as long as
it stays above 8.)