Get started
ILP | End of H&S Pattern?Interloop (ILP)- Swing Trade Setup Company Profile Interloop is a leading vertically integrated textile manufacturer, producing high-quality hosiery, denim, knitted apparel, and seamless activewear for top global brands and retailers with a strong focus on ESG. Trade Setup Current Price PkR63.50 Entry Price PkR63 First Target PkR70 Second Target PkR75 Third Target PkR80 Stop Loss PkR54.50 Risk & Reward Ratio 2 PE Ratio 5.6 (below 6) Analysis: ILP declined after making Head & Shoulder patter and currently at its support level. Last two week candle shows sustaining in the price. Possible pull back is expected. It's entering a double bottom zone, which typically indicates a bullish reversal. Look for entry points in the designated buyback zone for a strategic trade. Price Targets: Expect an initial surge to around PkR70 and aim for a mid-term target of PkR75. Optimistically, the final setup target could hit PkR80.
PSX:ILPLong
by mbaberhanif
SAZEW - Buy Call for Long-term holdingSAZGAR ENGINEERING WORKS, fundamentally is very promising. Its share price is in the bull run since April 2024 and after recent retracement gas again started its bull run w.e.f. 05 Nov 2024. Technically a Flag and Pole pattern has been drawn and replicated to arrive to subsequent TP values. Trend based Fib Ext tool has also been used to draw the confluence as TPs are falling near to key Fib values. Current bull run will see the prices touching PKR 1910~1930 zone by March 2025 or latest by first week of April 2025 (giving 70% gain) . Then after profit booking prices may retrace to form a Higher Low in order to gear-up for another bull run by end May 2025 which will see prices touching TP-2 (PKR 2580~2600) by end Oct 2025 (giving overall 131% gain). Buy:116 (instant) SL: 903 (below HL) TP 1: 1924 expected in March/April 2025 TP2: 2588 expected in October 2025
PSX:SAZEWLong
by Golden_Spur
1
AIRLINK | Bullish Flag Pattern PossibilityGiven the current technical setup, buying is recommended at 118, which is a strong support level and also near the lower boundary of the descending channel. This entry point provides an attractive opportunity for a potential upside move, especially if the price starts reversing from this level. Trade Setup: Entry Point : 118 Stop Loss : 93 (below the recent support level to limit downside risk) Target : 168 (potential breakout target from the descending channel) This setup offers a favorable risk-reward ratio as it aims to capture a reversal from the support level while managing risk effectively with a well-defined stop-loss.
PSX:AIRLINKLong
by mbaberhanif
NETSOL | A Bullish Opportunity with Target at 152 The price has been moving within a rectangular range between approximately 128 and 138.90, as highlighted by the green box. The stock has been in this range, testing support and resistance levels multiple times. A potential breakout is indicated at 138.90, as marked on the chart. If the stock successfully breaks out above this level with significant volume, it could head towards the resistance zone around 152, offering a strong upside. Given the consolidation and the recent bullish candlestick patterns, a long position is recommended upon a confirmed breakout above 138.90. This setup presents an attractive risk-reward opportunity, provided stop-loss orders are placed just below the support level at 128 to mitigate downside risks.
PSX:NETSOLLong
by mbaberhanif