Still Bullish but...Double Top Formation (Bearish).
However, Still Bullish on All Time Frames,
if it Crosses & Sustains 490 - 491, we may witness
516 - 517 immediately.
Strongly BullishSideways Channel Breakout.
Channel Top is around 33 - 35
Bullish Pennant Pattern Target is
around 40 - 42.
It should not break 23.50; else we
may witness trend reversal.
Airlink: PSX Buy CallAirlink was in bullish trend and making HH and HLs. in last 77 sessions, it is moving in a consolidation box. Today it gave breakout of the consolidation box/Bullish flag formation with huge volume which show strength of Bulls. it is expected that price may go high and will touch TP-1 at 1:1 risk to reward. One may target TP-2 i.e. projection of bullish flag.
FATIMA - PSX - Daily - Buy Trade Call AB=CD Harmonic PatternOn Daily TF, AB=CD pattern has been drawn.
RSI indicator suggests that a hidden bullish divergence is in play at the moment which is taking prices up. Moreover, Klinger Volume Oscillator suggests that a Bull run is about to begin but at a slow pace; if in next couple of days Volumes are generated then chances will become even brighter for the bull run.
Price is currently testing previous Higher High. If it is broken by a significant margin only then taking entry in the trade is in order. Fib Extension Tool has been used to arrive at a TPs.
My Suggested Trade Values
Entry (BUY STOP): 74
Stop Loss: 61 (Lower than previous LL)
TP-1: 82.19
TP-2: 86.67
PSX : AIRLINK AB=CD PatternAIRLINK : The ABCD pattern shows a breakout above the previous high (point B) with significant volume , indicating a potential move upward towards point D. Stop loss is defined at point C.
Very bullish Pak IT stock I'm very bullish on this Pakistani IT stock - the growth potential is immense for 5-20 years for long term holding
See sales growth & Profit margin and earning ratios - dps.psx.com.pk
Sales are to mostly foreign clients , therefore local currency and economic risk is manageable
WAVESBuy WAVES and thanks me later.
waves is in accumulation phase and formed strong bullish divergence on weekly time frame.
If the accumulation box breaks to the upside we will witness the massive bulls rally towards 20+ level.
AIRLINK bullish flag patternAIRLINK formed bullish flag pattern and now submitted breakout on daily charts, Good opportunity for buying at current levels.
UNITY-LONGUnity foods has formed a double bottom pattern so we will take a long entry at the break of neckline of double bottom pattern
SYM-LONGSYM is trading in a bullish trend and has formed a flag shaped pattern which is a trend continuation pattern,wo we will take a long entry
Saif Power (SPWL) PSX-BuySPWL was making LH and LL. Now it prints double bottom with RSI bullish divergence on daily time frame. Breakout of last lower high may give strength to Bulls and price may go up to target TP-1 (1:1) and Tp-2.
HCAR 286 breakout level to fly HCAR broken 268 resistance level and now moving to breakout 286 level, After 286 its next move will be to 308 and 340 levels.
Note: This is not a buy/sell call, Use Stop loss whenever trade.
PTC - PSX - Technical AnalysisPTC - Analysis
Since June 2024 price is moving in sideways channel.
Presently, on Daily TF, price has crossed Bollinger Band's upper band line. Therefore, price is likely to come down. Remember the central line of BB acts as a magnet and price always tries to catch up with it.
On RSI 70 value indicates that bullish momentum is ON without any divergence. Therefore, price may test 14.00. But for going into bull run price must cross 15 which was previous Lower High.
Therefore, buying should not be carried out till its price touches 15.
BFBIO | Flag Pattern 25% PotentialBFBIO is making flag pattern, break out is already observed, flag projection lies around 190.
BFBIO - PSX - 1h -Buy Call- AB=CD PatternBFBIO is newly listed stock in PSX. Its fundamentals suggest that it can be a good stock. Moreover, its IPO value was 78. Subsequent to IPO continuous price rise is a very good sign for quick gains.
On 1h TF, RSI and Klinger also suggest a likely bull rally.
AB=CD pattern has been drawn to arrive to TP.
Trade Values
BUY: 145.50
TP: 198
SL: 134
Weekly Closing is not bad.Weekly Closing is not bad.
However, 17 should not be
broken.
Monthly Closing above 18.70 will
trigger further positivity.
0.618 Fib SupportIt has taken Support from 0.618 fib level.
If 485.50 is Sustained, we may witness
580 initially.
On the flip side, 407.50 is immediate Support
on Monthly basis.
POL-UPTRENDAfter accumulating POL is currently in an uptrend ,long entry is recommended from this point.
TOMCL:LONGTomcl was trading in a bearish trend now price is retracing from 0.786 fib weekly level,so we can take a buystop entry
