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DGKC is BullishThe macro trend was bullish, however the price went down for retracement and was respecting a descending trendline since August, however now it has given a breakout after the emergence of bullish divergence. Bulls seem to be in complete control of the price action and previous lower high is also broken successfully, hence we can expect new highs as per Dow theory. Moreover, the reversal also came from 0.67 of Fib retracement which is a potential reversal zone for AB = CD projection. Targets are mentioned on the chart.
PSX:DGKCLong
by Fahad-Rafique
HTL - PSX - Daily TF - Buy Trade CallA textbook Reverse Head & Shoulder pattern has been made by the price candles on Daily time Frame. Neck line of H&S is about to be broken. Once it does so and there is no sign of reversing by making Double Top formation then Buy call is in Order. Klinger Volume Indicator is above zero level and is facing upward almost vertically, indicating a sharp bull run. RSI indicator also close to 70 line, indicating that bulls are in control. Trade Values BUY : 43.50 SL: 32.36 (Just below previous HL) TP: 51.70 TP2: 58.57
PSX:HTLLong
by Golden_Spur
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
PSX:KOHCLong
by Golden_Spur
FFL: Potential Bullish Targets AheadFFL highlighting a potential "cup and handle" pattern. The price recently broke out above a downward-sloping trendline, marking the handle's resistance at approximately 11.86 PKR, suggesting a potential bullish reversal. Key resistance levels are marked at R1 (14.82), R2 (16.47), and R3 (18.70), providing potential targets if the upward trend continues. This breakout from the handle's resistance could indicate a momentum shift, with the next targets aligning with these resistance levels, confirming the pattern's bullish implications.
PSX:FFLLong
by mbaberhanif