BGL-LONGBGL is trading in a bullish trend,price has been retracing from 0.618 fib level,so it can b long at cmp
GAL READY TO TOUCH ITS PREVIOUS HH OF 360+Currently the stock has completed its retracement till 0.786 level on FIB, daily closing above 274 will post another capital gain of 9-10%, Initial TP is 300 with SL @ 216.5, TP2 as per the risk reward ratio of 1:1 is 331.5 and TP2 with RR of 1:2 of 389 rupees potentially offering 43% gain.
The stock as per ABCD pattern exposing the initial target of 300, giving daily closing above 300 will further open the horizon of 330 onwards. Trailing stoploss levels could be applied to maximize the gain, if an entry is made at 274
GLAXO - PSX - LONG (Buy) Trade Call On Daily TF, Bullish Hidden Divergence on RSI has already played. However, price is above EMA 89 and Klinger Volume Oscillator is above zero line; therefore, both indicating the continuation of bull run. price with little bit retracement should continue upwards. Fib Extension Tool has been used to identify TPs for new all-time highs.
My trade values are mentioned below: -
Entry LONG (Buy) : 254
TP 1: 298
TP2: 330
SL: 208
BIPL RangeBank Islami (BIPL) Buying Selling Range
Buy at or below 20, Sell 23 or above
Stop loss: 18.4
Note: This is not a buy/sell call
Trade at your own will
BOP LONGEntry, stop-loss all there. As soon it breaks that channel should rip to the upside. Manage your risk!
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
CNERGY - Long from Rs 4.5I entered last month and am already in a good profit. Monthly breakout already done.
Immediate targets and long terms highlighted with yellow lines.
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.
