PSX – 30-Min Long Trade Setup !📈 🟢
🔹 Asset: Pakistan Stock Exchange Ltd. (PSX – PSX)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Inverse Head & Shoulders Breakout + Trendline Flip
📊 Trade Plan – Long Position
✅ Entry Zone: Around 25.50 (Breakout + Retest)
✅ Stop-Loss (SL): 23.60 (Below structure + trendline)
🎯 Take Profit Targets:
📌 TP1: 25.98 – Recent resistance
📌 TP2: 26.47 – Supply area
📌 TP3: 27.08 – Major resistance (swing extension)
📐 Risk-Reward Calculation
🟥 Risk: ~1.90/share
🟩 Reward to TP3: ~1.58/share
📊 R/R Ratio: ~1 : 2.8 – Solid high-conviction trade
🔍 Technical Highlights
📌 Breakout from inverted H&S pattern ✔
📌 Trendline breakout and retest confirmed ✔
📌 Bullish volume spike on breakout candle ✔
📌 Clear higher high and higher low structure 🔼
📉 Risk Management Strategy
🔁 SL to breakeven after TP1
💰 Secure 50% profits at TP2
🚀 Let the remaining portion run toward TP3
⚠️ Setup Invalidation If:
❌ Breakdown and close below 23.60
❌ Fails to hold the trendline breakout
❌ Sudden volume divergence + bearish reversal
🚨 Final Thoughts
✔ Pattern-backed breakout with momentum
✔ Tight SL + clean R/R = efficient swing setup
✔ Smart structure play with bullish follow-through
🔗 #PSX #PakistanStockExchange #BreakoutSetup #ProfittoPath #SwingTrade #TechnicalAnalysis #ChartSetup #RiskReward #VolumeSpike #PSXTradeIdeas
PSX – 30-Min Long Trade Setup !📈 🟢
🔹 Asset: Pakistan Stock Exchange Ltd. (PSX – PSX)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Trendline Breakout + Retest
📊 Trade Plan – Long Bias
✅ Entry Zone: Around 23.39 (post-breakout confirmation)
✅ Stop-Loss (SL): 22.85 (below recent structure low)
🎯 Take Profit Targets:
📌 TP1: 24.52 – Previous resistance
📌 TP2: 25.98 – Major supply / top of the range
📐 Risk-Reward Calculation
🟥 Risk: 23.39 - 22.85 = 0.54 PKR/share
🟩 Reward to TP2: 25.98 - 23.39 = 2.59 PKR/share
📊 R/R Ratio: ~1 : 4.79 – Excellent opportunity
🔍 Technical Highlights
📌 Falling trendline broken with bullish momentum ✔
📌 Support holding at 22.85 (white line) ✔
📌 Volume spike + bullish retest confirmation 🔥
📌 Yellow zone = structure resistance turned support
📉 Risk Management Strategy
🔁 SL to breakeven after TP1
💰 Book partial at TP1
🚀 Let the rest run to TP2
📏 Use structure – not emotion
⚠️ Setup Invalidation If:
❌ Breaks and closes below 22.85
❌ Fakeout candle with volume and rejection
❌ Loses trendline and support zone
🚨 Final Thoughts
✔ Trendline breakout confirmed with strong R/R
✔ Clean structure for intra or swing setups
✔ Great setup for PSX-focused traders
🔗 #PSX #PakistanStockExchange #TechnicalSetup #ProfittoPath #BreakoutTrade #RiskReward #StockTrading #SupportResistance #ChartAnalysis
Cup & Handle Formation in process but..Cup & Handle Formation in process but Yes, there is a Bearish Divergence
on Weekly Tf.
Resisted exactly from the mentioned level around 116-117.
Could not Sustain this level.
Now Weekly Closing above 104 - 105 is important.
Next Support lies around 96 - 97
If 118 is Crossed & Sustained, we may Target around 145 - 146.
DGKC Trading Analysis:DGKC broke down after consolidating between 32-36 and is now trading at 124. The strategy is to exit if the price shows weakness when it revisits the 30-level mark.
Downside Targets:
1. *First target*: 110
2. *Second target*: 102
This analysis suggests a cautious approach, with a focus on managing risk and potential downside targets.
POL PROBABLY IN WAVE 'C' OR 'A' This is an update on our POL wave count shared earlier, we have modified the wave count looking at the formations.
If the wave count is correct then we are in an ending diagonal which is either complete or in the last leg of completion, we will buy once price breaks above 575.
Alternate count is that of 5th wave will get extended downwards, however that probability is low that is why we have removed our short sell trading setup.
Although possibility of the downside is still there, the formation of double top chart pattern and our weekly crude oil wave count does support downside long term.
There's a correlation between international crude oil prices and Oil & Gas exploration sectors, however currently the markets have not been correlating much but on the long run prices will tend to correlate.
Let see how this plays, Good Luck !
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.