PSX
Slight Correction Needed?Alhamdulillah, as mentioned on 27-09-2024 that
index may touch 87000 with slight corrections, it
touched the mentioned level.
Index is Still Bullish.
It has the potential to touch 100,000 - 100,350
It may take some correction of 2000 - 3000 points.
S1 is around 88500 - 88700
S2 is around 87000 - 87200
There is no harm in the Bullish Momentum as
long as it stays above 84500.
In worst case scenario, it may touch 82000 which
seems unlikely so far.
FFL is going to high and highCurrent financial results of FFL are good and company is now in good profit, This is monthly chart of FFL, FFL currently is undervalued stock and it was trading between 8 and 9 levels few days ago and on last trading day it crossed psychological barrier of level of 10.
These are levels could be crossed by FFL in future, Keep in mind it is starting to rise and it will rise day by day.
Note: This is an analysis on Fundamentals and Technical basis, This is not a buy or sell call. Trade with your own will and decisions.
AVN, Bullish Channel with Flag Breakout- Weekly Bullish Flag
- Breakout of flag
- Now trading in Bullish Channel
- Time cycle indicated
- A complete cycle takes around 220 days
- This cycle completed around 200 days
- New cycle and bullish moment is expected in next 20-30 days
- upcoming board meeting may trigger this cycle
- Buy suggested with SL of closing below 48
- Take profit on top of channel
- Ultimate target is 140
DGKC potential Buy setupReasons for bullish bias:
- Price gave a bullish closing above the weekly support level
- Price bounced from fib golden pocket
- Price gave downward trendline breakout
- AB = CD pattern can be seen, if price give resistance (also TP1) breakout, then next target can be considered at point D(approx. 105)
- Overall a bullish trend on daily
- Bullish divergence
Here are the recommended trading levels:
Buy 1: 87.03 (CMP)
Buy 2: 81.5
Stop Loss Level: 72.04
Take Profit Level 1: 96.5
Take Profit Level 2: Open
Happy Trading
AVN potential Buy setup (Weekly)Reasons for bullish bias:
- Price bounced from ascending channel support
- Price respecting long-term upward trendline
- Strong weekly closing at support
- RSI is synched
Here are the recommended trading levels:
Buy 1(CMP): 54.55
Buy 2: 43
Stop Loss Level: 36
Take Profit Level 1: 69
Take Profit Level 2: Open
NETSOL potential Buy setupReasons for bullish bias:
- Price gave ascending triangle breakout
- Price bounce from strong weekly support level
- Price synched with RSI
- An excellent increase in its operating and net profit in comparison to last year
Here are the recommended trading levels:
Buy 1(CMP): 135
Buy 2: 117
Stop Loss Level: 105.00
Take Profit Level 1: 153
Take Profit Level 2: 161.16
Take Profit Level 3: Open
PSX : AVNTo predict the potential length of the third downtrend for Avanceon Ltd. (AVN), we can analyze the previous two downtrends and look for a pattern. Here’s a breakdown:
-First downtrend lasted 46 bars (69 days)
-Second downtrend lasted 48 bars (73 days)
Both downtrends are similar in length, with a slight increase between the first and second.
If we follow this pattern of slight growth in downtrend duration,
we can estimate based on historical patterns,
it’s reasonable to predict that the third downtrend could last approximately 74 to 78 days.
IMAGE - PSX - Buy Call 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 triangle pattern. If price breakout upwards from here, then we will see a very sharp up trend lasting for 2 to 3 weeks. If it bounces of the even lower support (as there is no bullish RSI divergence seen yet) then it will take some more time to reach TPs.
Therefore, it is expected to give 35% gain in 6 weeks.
My Trade Values:
Buy 1 (Instant) : 13.20 , Buy 2: 12.60 , Buy 3: 11.60
Stop Loss: 11.28
TP1: 15.60 , TP2:16.90 , TP3: 18.00
Bullish divergence in Kohinoor Energy Limited (KOHE)Bullish divergence is observed in the daily timeframe for Kohinoor Energy Limited (KOHE). The current downtrend is expected to reverse after the bullish divergence. The current downtrend is likely to reverse into an uptrend and reach levels indicated on the chart. The trend has already started to reverse and is close to breaking the previous LH and if breaks the LH, it will be considered a confirmation of the trend reverse and a good point to take a long position.