DGKC can cross 80 and above levelsYesterdays results and move from 73 to 80 yesterday and today maintaining support in 78 and 79 levels. It could cross these defined levels in few days.
PSX
NRL could drop to below 200 levels.Todays financial results shows LPS Rs. 90. it is huge loss per share. May be NRL drops to these blue lines support levels.
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.
FATIMA1. Price in up Trend
2. Forming Accending Channel
3. Price Multiple times test Resistance
4. Volume supported Price movement
5. Momentum is Positive
6. No Bearish Divergence
Risk Management | Discipline | Stop loss is your Friend
ABL is BULLISH for longtermABL is BULLISH and is in process of correction. For long term investment best investments can be done through SIP starting from 100 down to 80.
And the targets to achieve are displayed on chart.
Avanceon buy IDEAIf AVN holds its long term resistance turned into support and keeps moving in the same parallel channel 70 and 80 could be the next targets
FLYING Buy IdeaFlying Cement has been undergoing an extended accumulation phase. Should it breach the long-term resistance level of 8.8, potential subsequent targets may include 10, 12, and 15.
PRL is BULLISHPRL is bullish until it dos not sustain below 20
It can surely double and may triple the investment in one year.
TBL - treet batteries should be considered for investment Treet Batteries Limited (TBL) manufactures and supplies a variety of batteries including lead-acid, lithium and nickel-based batteries. The company is a subsidiary of Treet Corporation Limited (TCL) and operates both locally and internationally.
Key Financial Ratios
Gross Profit Margin: 19.9%
Operating Profit Margin: 9.2%
Net Profit Margin: -5.5%
Risks:
High Financing Costs - 70% increase in financial expenses impacting net profit.
Market Conditions - Economic and political instability affecting consumer spending and sales volume.
Opporunity:
The financing cost should go down with lower interest rate environment and rescheduling of debt. Such a scenario would increase the attractiveness for long term investment.
Despite the challenges of high financing costs and a net loss, the significant increase in gross and operating profits indicates effective management and operational efficiency. However, the high debt levels and cash flow challenges need to be closely monitored.
Technical:
Support zone is 22.5
PSX : LOTCHEMLOTCHEM has been experiencing some downward presseure recently and now in a accumulation phase since february.
Currently the price has completed the harmonic ABCD pattern at strong daily support level with a bullish div. Now sellers seems to be exhausted at support area and buying pressure seems to be activated.
Entry 19.10
SL 16.50
TP1 21.71
TP2 24.30
DCL - CUP FORMATION TG : 10.00 - 11.40
DCL is currently trading in a cup pattern, with a post-breakout retest of the neckline at the 8.38 level, following a 36.00% rally from a low of 8.00. DCL now shows a homing pigeon bullish reversal formation with medium reliability. It is likely to continue its momentum toward the previous high of May 2024 at 11.40, followed by 12.80. The momentum indicators are in oversold territory. Accumulate with a defined risk below the 8.00 level.
Targets: 10.00 - 11.40 - 12.80
TESLA 300 BY DECEMBER ? NASDAQ:TSLA TESLA 300 BY DECEMBER
Tesla had a challenging first half of 2024, with its stock facing headwinds. However, there are signs that the electric vehicle (EV) maker could be on the path to recovery. Here’s what Wall Street analysts and experts are saying:
Q2 Deliveries: Tesla reported second-quarter deliveries of 443,956 vehicles, surpassing analysts’ estimates of 436,000. While this is a decline from previous quarters, it’s better than expected. Investors view this as a positive sign for the company’s future prospects.
Energy Storage Boost: Tesla increased its energy storage capacity to an all-time high during Q2. This development is particularly significant because it suggests that Tesla could benefit from increased energy demand driven by the AI boom. As artificial intelligence accelerates, energy demand and electricity generation are expected to rise, potentially benefiting Tesla Energy.
AI Developments: Investors are closely watching Tesla’s advancements in artificial intelligence. The company’s Robotaxi and other AI initiatives could be the next growth drivers. Morgan Stanley strategists have even speculated about Tesla getting its mojo back, with clients asking about positive catalysts for the future.
SAZEW - Bearish Divergence in play on Daily Time FrameBearish divergence is in play on the daily time frame, and the price is expected to retrace up to 650 before moving upward.
Let's see how it plays out in the next few days.
PSO:PSX Buy CallPSO printed a Bullish Divergence with a Falling wedge pattern suggesting a Bullish shift in momentum.
Market entry is suggested with Stop Loss on previous Lower Low. Take profit levels are recommended on 1:2 Risk Reward Ratio.
Happy Trading!
YOUW - SYMMETRICAL TRIANGLE BOYOUW - Testing a Symmetrical triangle BO above 3.66, breaking above with confirmation price may continue the bullish rally towards 4.30 - 4.70 - 5.40 & 5.70 levels.
SL: 3.50
CPHL - BULL FLAG, TARGET: 35.20CPHL surpassed the 50% target at the 30.90 level and hit the upper cap at 31.59. The current momentum shows strong bullish behavior in the North, indicating that the target of 35.20 might be achieved in the next few sessions. It is suggested to stay long!
TARGET: 35.20
NRL:PSX Bullish RunNRL-PSX is expected to continue it's bullish run on daily timeframe. It printed a cup and handle pattern with no divergence.
GTYR-PSX: Bullish Continuation GTYR Printed a Bullish Flag with no signs of Divergence. A bullish trend continuation is expected, entry is suggested on the breakout of pole with stop loss on previous Higher Low.
CRTM - GOLDEN CROSS, TARGET 22/- & 34/-CRTM - ICHIMOKU CLOUD BREAKOUT + GOLDEN CROSS + BULLISH CROSS, TARGET: 21.50 - 22.50 - 26.00 - 34.00 LEVELS, SL: 13.00
CRTM is showing multiple bullish signals including a Golden Cross, Bullish Cross, and breaking out of the ICHIMOKU Cloud. The targets are set at 21.50, 22.50, 26.00, and 34.00 levels with a stop loss at 13.00.
The breakout from a 4-month descending channel coupled with breaching the Ichimoku Cloud above 14.44 signifies a strong and potential rally, projecting an upside of 30% to 51.00%. The forecasted targets are 21.50, 26.00, and 34.00 levels. Indicators such as MACD, RSI, and oscillators are all signaling bullish momentum. Nonetheless, immediate support is observed at the 13.00 level; any breach below will invalidate this bullish bias.
TRG Buy Idea - PSXTRG has been experiencing some downward presseure recently with a series of lower highs and lower lows and now in a accumulation phase.
However, recently it broke the bearish trendline with strong bullish div on daily, if candle closes above accumulation zone 74.81 then we will enter at 76.15 , with a secondary buy opportunity at 71.69
