NPL - Bullish Trend on DailyNPL is in uptrend on Daily TF.
We are taking entry on a strong horizontal and trendline support.
Stoploss is placed to manage the risk.
PPL | Parallel Channel FormationThe price action is following in a parallel channel. Lower channel range lies around 117.50 from where a possible pull back can be expected. For swing trading setup, long position can be consider on the test of lower parallel channel with the stop loss at 115 and possible target for long term can be expected around 130. On the other hand, the price is making higher highs and higher lows within the channel, so scalping trade can be possible with entry around 120 for the target of 125 and 128.
Swing Setup:
Entry: 117.50
Target: 130
SL: 115
Scalping Setup:
Entry: 120.50
TP1: 125
TP2: 128
SL: 119
TOMCLThe price has been observed to move within a parallel channel, with recent closings nearing the lower trend line of this channel around 35.06. Notably, this level coincides with a test of the 50-day Simple Moving Average (SMA). Based on this analysis, a potential pullback is anticipated from this region.
Consideration may be given to establishing long positions around the 35 mark, accompanied by a stop loss set at 32.50. The primary target for this trade is set at 40.
HCAR (Weekly)Upon analyzing HCAR on a weekly time frame, it is observed that the price has been establishing a pattern of higher highs and higher lows. Additionally, the moving average lines have recently crossed over, suggesting a bullish momentum in the market. Presently, the price has formed a higher low at 274 and retraced subsequent to establishing this support level. A prudent strategy would be to consider placing a stop loss below this support level, approximately around 270, to manage risk in the event of a break.
Key resistance levels are identified at 344 (R1), 375 (R2), and 400 (R3). These levels may act as barriers to further upward movement in the price of HCAR.
BUXL | An underdog with great long term potential!On the weekly timeframe, the price is hovering above the 200-day EMA line, signifying a robust bullish trend and moving in a cup pattern. Furthermore, the RSI is at the 58 level, indicating potential upside. Upon horizontal analysis, the price was rejected from its resistance level around 111.98 in January 2024, which previously acted as support. Upon breaching this level, the next resistance lies around 140, where selling is expected, and the cycle continues. This idea is based on the long term and applies many factors, such as each time the price faces resistance, selling is expected, and upon breakout, only the next upper side can be expected. On the flip side, if the price breaks below the 200-day EMA, then a bearish sentiment is established. This stock is currently categorized as illiquid, so investors are recommended to perform due diligence fundamentally and technically before entering.
PSX:- OBOY FORMING A CONTINUATION PATTERN CUP & HANDLESince the start of 2023 the script has been in consolidation after a long bearish spell. At the end of year it gathered some support to stage a break out but could not sustain the Bears consequently it went in to another strength gaining spell. From the last week of April we are witnessing gradual increase in volume which is also showing in the rise of Average Volumes. Last weak b the bulls tested the previous high of 7.93. Albeit the succeed to cross it yet they could not sustain. Thus making a potential Cup. Now we have to wait and see if it forms a handle or not.
If it forms the handle the entry price shall be close above 8 and TP shall be at 10.5. Stop loss has been placed at 6 but this shall be confirmed once the handle has been formed.
Due diligence and strict money management is solicited.
Have a profitable trading.
Morning Star Formation on Daily TF.
Inverse H&S Target is around 83 - 84
provided it Crosses & Sustains 74.
It is Important to Sustain 64.50 for
further Upside.
ATRLBullish after creating flag pattern on weekly time frame
Already touch the 2017 highs
if break last high of 2017, it can make new highs
HUBC Trend line SupportIn daily time frame HUBC moving up from its trend line support , 150 is good rate to buy
Potential Support Zone??Slight Bullish Divergence on Hourly TF.
If Current Level is Broken, we may witness
the Next Support Zone.
AIRLINK Hourly AnalysisAIRLINK approximate Targets zones towards upside and downside given. Crossing its previous Higher High will further pave way for further movement towards the upside and may target 121
EXIDE on Hourly Time FrameOn hourly basis Scrip is in upward trend after having taken a correction of 38.20% and also touched 23.60% Fib levels towards the upside. This is indicative of the fact that the stock may move towards the upside. Approximate upside zone marked. Also KSE is currently unstable and jolting, which may have a negative impact on the overall market and the stocks as well. In case the stock moves downwards then it may hit the below marked zones
ATBA Hourly AnalysisScrip has taken a good correction of more than 50.00% and penetrated the Golden Zone. Formation of a Green Candle hopefully signals a move towards the upside and relevant Price levels / zones marked.
But as markets aren't predictable 100% and can move in any directions, therefore we should also be prepared for the unforeseen movement and define levels towards the downside as well. Approximate Levels have also been marked towards the downside; in case the scrip move down.
BWCL | Supper Bullish PatternBestway cement is super bullish on daily time frame, its months support lies in a range of 185-180 which consider be the best entry price for long term investors.
HUBC - Short Sell and then Buy after booking Profit.HUBCO is retracing and it may bounce back from its bullish trend line at around 143. However, if trend line is broken then its next support level is at 127 . On Weekly time frame it is also evident that selling is on for booking profits by big fishes.
So one can enjoy double ride i.e. Short Sell at 142 and Take Profit at around 130.
Then Buy at 127 and TP at appropriate level will fetch very good returns.
Mari Petroleum Limited (MARI)Recommendation: Buy
Target Price (Jun-25): 3,660.5 PKR
Last Closing: 2,713.5 PKR
Upside (%): 34.9%
Key Points: Significant production growth,
high profitability, strong financial health,
and robust dividend payouts(AHL Pakistan Strategy
Millat Tractors Ltd (MTL)Recommendation: Buy
Target Price : 676.85
Buy : Current price
Stop Loss: 515.27
Meezan Bank Limited (MEBL)Recommendation: Buy
Target Price (Jun-25): 340.2 PKR
Last Closing: 240.0 PKR
Upside (%): 41.8%
Key Points: Strong financial performance
, strategic focus on low-cost deposits, robust
profitability, and well-managed risk profile
PSX : LOTCHEMLOTCHEM has been experiencing some downward presseure recently and now in a accumulation phase since february.
Currently the price has completed the harmonic ABCD pattern at strong daily support level with a bullish div. Now sellers seems to be exhausted at support area and buying pressure seems to be activated.
Entry 19.10
SL 16.50
TP1 21.71
TP2 24.30
MEBLCurrently MEBL is consolidating in a range, can buy after breakout of Rs. 248 with good volumes and expect continution of trend.
TP: RS 270
SL: Rs 231
CWSM - BULL FLAG BO, TARGETING: 74.00/-CWSM - Currently trading in a bull flag pattern on weekly charts, with a prominent breakout confirming the resumption of a bullish rally towards the pole target at 74.00 in the days ahead. Initially, it may hit the 50% target at 58.00 levels. The immediate risk is defined below 31.70. Go long according to your risk appetite.
Note: The company is on the defaulter counter. Chakwal Spinning Mills has approved a merger with a tech firm.
