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HINOON: Flag and Pole pattern on 1D TF. Potential rally likelyHINOON is in uptrend printing HHs and HLs on 1D timeframe. Recently the chart has formed a Flag and Pole pattern. It is likely that break of previous LH (941.62) shall result in another rally that may take the price upto level of 1207.30. SL is placed below lowest point of the flag (831.72). It is pertinent to mention that previous all time high of 1,000.00 may act as a major resistance and we may need to be careful for any reversal indications at this point. However, at this point there is no apparent indication of reversal from current price level. TPs may be broken as per following: TP1=1051.52 TP2=1161.42 TP3=1207.30
PSX:HINOONLong
by UsmanFarouk
SNGP due for another rally on 1DSNGP is in uptrend and is printing HHs and HLs on 1D timeframe. Recently, between Jan & Mar 25, it has formed a cup and handle pattern indicating another rally upon breaking of resistance area 113.09-115.34. There being no negative indication on RSI, I would put my Buy Stop on break above 115.34. The potential target is 145.08. SL is placed under the handle at 108.01. Recommended booking of TPs is: TP1=122.67 TP2=130 TP3=137.33 TP4=145.08 Good luck.
PSX:SNGPLong
by UsmanFarouk
SYM Technical Analysis: Potential Bullish SetupSYM (Symmetry Group Ltd) is currently in an overall bullish trend and holding above a rising trendline. The price is currently at the Fib Golden Zone. The RSI is synced with price action, which supports the bullish outlook. In addition, there's a potential hidden divergence that could signal continued upward momentum. A possible gap fill towards 11.88 might also present a good buying opportunity. Trading Recommendations: Buy 1 (CMP): 15.05 Buy 2: 14 Stop-Loss: Closing below 9 Take Profit 1: 21 Take Profit 2: 26 Take Profit 3: Open Happy trading!
PSX:SYMLong
by TradeWithParas
KAPCO Stock Forecast: Buy or Sell? Key Levels to WatchCurrent Price Level: The stock is trading at PKR 32.85, Potential Trading Strategy: If the price holds above PKR 32.40, a short-term recovery toward PKR 33.68 and 35.68 . A break above PKR 35.96 may signal a strong uptrend toward PKR 37.99. Caution : breaks below PKR 30.5, it may fall to the next support at PKR 27.35 Risk-Reward Calculation: Entry Stop-Loss Target (TP1) Target (TP2) Target (TP3) 30.00 28.00 (-2.00) 34.86 (+4.86) 35.96 (+5.96) 37.99 (+7.99) Disclaimer: The views and analysis in this article are opinions of author and are for Informational purposes only.
PSX:KAPCOLong
by jahanzaibM
PAEL | Flag PatternThe stock displays a bullish flag pattern on strong volume, trading confidently above both the 20 and 200-day EMAs, suggesting robust upward momentum. Previous session shows a break out of the flag and price closed +3% above it. Initial resistance lies around 46 which is the formation of double top pattern from where short term rejection can be seen. However, a decisive break above the resistance level will confirm the continuation of the bullish trend and flag projection lies around 55.
PSX:PAELLong
by mbaberhanif
PSX- CNERGY : Breakout or Rejection? Trading Strategysignificant increase in volume is observed indicates accumulation by institutions or major market participants. While Net volume remains negative (-8.06M), suggesting some selling pressure at higher levels. Trading Strategy: Short-Term Strategy Buy on pullback when price retraces to 7.0 - 7.2 PKR, its a better risk-reward entry for Profit target: 8.7 - 9.0 PKR Keeps Eyes on bearish divergence in volume —if price rises but volume declines, a correction may follow.
PSX:CNERGYLong
by jahanzaibM