ILP potential Buy setupReasons for bullish bias:
- Price formed double bottoms at strong support level
- Overall, a bullish trend on daily
- Bullish divergence
Here are the recommended trading levels:
Buy 1(CMP): 71.7
Buy 2: 67.2
Stop Loss Level: Closing below 61
Take Profit Level 1: 78
Take Profit Level 2: 85
PSX
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
Engro is ready to fly331.21 is breakout level of Engro for flying to 350 and 390 level. Currently it is on 332.
Use SL as per your strategy and this is not a buy/sell call.
KOHC - Buy Trade Call - 4H - KOHC is in sideways for quite some days. A symmetrical triangle pattern has been formed which can lead prices to either side. Additionally, a H&S pattern is also in the making. If that happens then it will give a better entry price at lower prices. Confluence can be drawn by noting that RSI is around 60 mark and heading downwards very slowly. Moreover, Klinger is also suggesting a Bear run at the moment. Bull run will begun once blue oscillator line crosses the green trigger line.
Since over all PSX is doing good and cement sector is also in bull run, therefore, for sure this SCRIPT will eventually go further up.
My Trade Values :-
Scenario 1 Entry BUY : 450.38 (once Head line is broken. Then it will get into parallel channel to continue bull run.
SL: 370
TP: 540
Scenario 2 Entry BUY : 371.74 (Once right shoulder is completely traced down at neck level.
SL: 319
TP: 540
FABL potential Buy setupReasons for bullish bias:
- Price respecting upward trendline
- Harmonic AB=CD pattern formation
- Price is at horizontal support
- Safe entry can be taken after a bullish candle closing
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 47.15
Stop Loss Level: Closing below 43.5
Take Profit Level 1: 52.59
Take Profit Level 2: 57.41
Take Profit Level 3: 72