AIRLINK: Should I Buy Or Should I Sell!Price needs to break its previous top of 151.83
upon break and retest long position can be
consider for the targets of 188.25 and then 234.57
DFML for LongDFML can have a swing trade position for LONG trade.
Levels and targets are defined clearly.
DISCLAIMER:
The information provided doesn't guarantee results. 𝙏𝙧𝙖𝙙𝙞𝙣𝙜 𝙞𝙣 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙢𝙖𝙧𝙠𝙚𝙩𝙨 𝙘𝙖𝙧𝙧𝙞𝙚𝙨 𝙧𝙞𝙨𝙠𝙨. Individuals should perform a thorough analysis and consider their risk tolerance before making investment decisions. 𝙄 𝙖𝙢 𝙣𝙤𝙩 𝙧𝙚𝙨𝙥𝙤𝙣𝙨𝙞𝙗𝙡𝙚 𝙛𝙤𝙧 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙡𝙤𝙨𝙨𝙚𝙨 𝙧𝙚𝙨𝙪𝙡𝙩𝙞𝙣𝙜 𝙛𝙧𝙤𝙢 𝙖𝙘𝙩𝙞𝙤𝙣𝙨 𝙗𝙖𝙨𝙚𝙙 𝙤𝙣 𝙩𝙝𝙞𝙨 𝙥𝙤𝙨𝙩. Consult with a qualified financial advisor before entering the stock market.
Stock is making HH HL.Stock is making HH HL.
It should not break 24.50 on Monthly basis.
It has the potential to touch 28.50 then 30.
However, those who are in Profits, Must trail
the Stoploss (atleast at breakeven point), if
they don't want to enjoy profits ;-)
Fresh Entry can be taken around 24.50 - 25 with
proper Stoploss level.
NML is making LH LL continuously.
No Bullish Divergence yet appeared.
a Very Strong Trendline Resistance around 65 - 66.
H&S Pattern is there; targeting around 40 - 41 in
worst case scenario.
It needs heavy volumes to Break the level of 65-66
and sustain it.
Last Analysis were shared on 23-08-2024.Last Analysis were shared on 23-08-2024.
Alhamdulillah it went well. Could not
cross 10.50 resistance.
Now it seems to be near its Support level
of around 5.80 - 5.90; with Strong Bullish
Divergence on Monthly Basis.
Entry can be taken with a Stoploss just below
5.50
However, more safe entry would be once it
crosses 10.60; targeting 13.50 - 14.
PAEL | Need confirmation for bullish reversal!PAEL shows a rising trendline (black), which indicates a long-term support level. The price is currently testing this trendline, and the 50-day moving average (green) is slightly above the price, suggesting short-term weakness. The 200-day moving average (red) is far below, showing the longer-term trend is still upward. The stock closed at 24.42, down 4.24%, with significant volume (13.47M). A stop-loss is placed near 22.50, while a potential target is around 27, indicating a cautious bullish outlook if support holds.
PSX - PTC - Bullish Trendhe current market is showing a strong uptrend characterized by a series of higher highs and higher lows, indicating robust bullish momentum. There is no divergence present, suggesting that the trend remains intact. However, today’s volume appears light, which may signal a lack of strong conviction behind the rally.
Traders should be cautious as light volumes can make the trend more susceptible to pullbacks. It’s essential to monitor changes in volume patterns moving forward. A significant increase in volume supporting the uptrend would be a positive sign, while a pullback on light volume may indicate a potential consolidation phase.
SPEL -PSX Technical Analysis
Price after breaking the bearish parallel channel went sideways. Now it can go either way up or down. RSI indicator suggest that it is likely to continue going down.
Therefore, wait till it crosses Rs 42.25 value to initiate Buy.
EMA 89 suggests that it is still in up-trend but price is closing on it and hence may go down.
MFFL - Buy Trade Call After retracing in a channel price is likely to reverse from here. Fib retracement 0.618 already touched and it may even touch 0.812 level.
RSI indicator is still bearish no prominent divergence, but it may reverse in a couple of days.
Technically very correct entry should be on break of parallel channel's upper line, however, if one wants to enter with better prices then here are the values.
Buy Trade Values
Buy 1: 144.00
Buy 2: 141.45
Buy 3: 135.00
TP 1 : 155
TP 2 : 170
SL: 127
PAEL - PSX - Buy Trade CallPAEL Analysis
EMA 89 support line is tested by the price, and it even went down but very next day moved up. RSI indicator also suggest that trend is gaining momentum to uptrend.
Trade Value:
Buy 1: 25.25
Buy 2: 24.75
TP: 27.30
FCCL - PSX - Analysis on 02 Oct 2024FCCL - Daily TF
Currently trend is in uptrend. AB=CD harmonic pattern has been drawn which indicates that PRZ is close, and price may reverse after testing Rs 27.70 to Rs 28.45 zone values. Hidden Bullish Divergence has already caused a pump in the price. RSI indicator also suggests that momentum is highly bullish and is going to put market in oversold condition shortly.
Historically it retraced to 0.618 level. Therefore, once again it is expected to retrace back to 0.618 level which expectedly will be Rs 22.80 .
Trade Values:
One can buy on dip around 25.50 with TP at 27.50.
Then Either take SHORT (Sell) trade on reversal or wait till traces back to Rs 22 and then again buy it.
UPFL: Potential Double Bottom Formation Amidst Bearish TrendThis chart represents the monthly price movements of Unilever Pakistan Foods Ltd. (UPFL) on the Pakistan Stock Exchange (PSX). Here’s a breakdown of the chart and its implications:
Current Price:
- The current price is around 17,000 PKR, with the price having decreased slightly (-0.44%).
Support Levels:
There’s a significant support level near 15,000 PKR. This has been a crucial support zone in the past.
Another support level seems to be around 11,582 - 12,000 PKR, where the price could potentially stabilize.
Past Price Movements:
- The stock has experienced a significant rise, especially from 2020 onwards, where it surged to its all-time high near 26,000 PKR.
- Recently, it has entered a downtrend after hitting the peak, with a clear pullback from the highs.
Future Prediction (Technical Analysis):
- The orange curves drawn suggest a possible double bottom pattern forming. This pattern generally indicates a reversal after a downtrend. (Wait for confirmation)
- According to this prediction:
- The price could drop further, potentially revisiting the 12,000 PKR support area.
- Following this, a rebound towards 17,000 - 18,000 PKR is anticipated.
- A second bottom may form, after which the stock might attempt to rise again, potentially breaking out of the 17,000 - 18,000 PKR range and continuing upward.
Key Observations:
- Bearish Trend: The stock is currently in a bearish phase after a prolonged uptrend.
- Potential Reversal: The double bottom formation hints at a possible reversal, but confirmation is required at the 12,000 PKR level.
Overall, if the price holds above 12,000 PKR and confirms a double bottom, the outlook could turn bullish. However, further declines are possible before any reversal materializes.
MEBLMEBL : The price action is currently positioned above the 50-day Exponential Moving Average (EMA), exhibiting a formation of small candles at the support level. This pattern suggests that the asset is maintaining its support zone. The Moving Average Convergence Divergence (MACD) indicator is situated above the neutral line, which implies potential for upward momentum. It is advisable to consider initiating a long position around the price level of 239, with a stop-loss set at 227 and a potential target of 263.
OGDC | Flag PatternThe flag pattern, identified as a bullish formation, is currently observed on the OGDC technical chart. Presently, the bullish momentum is gaining strength, with the price encountering resistance at approximately 134.50-135. This level represents the initial target. Upon a successful breakout, the subsequent target is projected to be 138.50-139. Following the completion of the flag projection, the final target is anticipated to be 148. To effectively manage risk, it is advisable to set a stop loss at 126.50.
CSIL | Trend is your friendCSIL: Trading Opportunities and Insights
Why is trading in CSIL currently constrained?
Here are several key factors and recent developments suggesting a potential entry point for this stock:
Price Action : The stock is in uptrend, making HHs and HLs and hovering above 200-day EMA, which is a positive indicator for stability. Whenever the price touches 200-day EMA it bounced upward.
MACD Analysis : The MACD has crossed over from below, accompanied by a fading bearish histogram, which points to a shift in momentum towards the bullish side. In past, it is observed whenever cross over happens price pulls upward.
Expected Price Targets : The anticipated price targets for CSIL are 3.48, 3.87, and 4.17.
These factors collectively suggest that it may be an opportune time to consider trading in CSIL at 2.50. Use stop loss at 2 as this level is the break of the uptrend structure.
GLAXO | More uptrend or reverse?The price action of GLAXO is currently in an uptrend. Recently, it broke through its trend line resistance and, according to the Impulse-Correction-Impulse (ICI) strategy, has since pulled back after retesting the breakout level. This retest has established dynamic support at the previous trend line resistance. The price is now hovering above the resistance level of 173.58, which is acting as initial support. The next resistance level is anticipated around 202.29. The Relative Strength Index (RSI) is currently at a level of 81 which indicates the stock is at overbought level. While MACD hovering above the neutral line.
UNITYThe stock appears to be consolidating in a sideways trend. Long position can be consider around 28.70, while resistance lies at 30.80 and 32.40. A breakout above 32.00 could signal an upward trend. Consider range trading or pullback buying strategies. Always conduct thorough research and consult with a financial advisor before making investment decisions.
Ubl longUbl is long since 3 bars closing near high on hourly and weekly daily bars suggest the same.
ISL | Head & Shoulder PatternThe pattern identified is a "Head and Shoulders" formation, which typically signals a bearish reversal. The left shoulder and the head have already been formed, and the right shoulder is now in the process of forming. A long position can be considered during the formation of the right shoulder, indicating the possible completion of the pattern. The chart outlines three potential take-profit levels (TP1: 70.60, TP2: 74, and TP3: 79), suggesting a possible retracement before the price continues its movement. The relatively low volume could impact the strength of future price movements. Use stop loss at 60 to manage risk.
Monthly Candle would be a Doji if it closes around 70.
However, stock is still Bullish on Monthly TF.
Bearish Divergence on Weekly TF has appeared.
But Yes, Closing above 68.40 - 68.50 would be a
positive trigger.
If this level is Sustained, we may witness 75 - 76
then 83 - 85.
Hidden Bullish Divergence on Daily TF.
350 - 351 is an Important Resistance for now.
If this level is Crosses & Sustained, we may
witness 371-373 then 395.
On the flip side, 318 - 320 & then 292- 293
are very important Support Levels that should
be respected.
