Millat Tractor - Break out from Triangle signals Bearish RunMillat Tractor has broken out of Ascending Triangle pattern. Price has sustained in lower half of RSI as well. We are in for a bearish run.
PSO Upward momentum buildingScrip Analysis with viable anticipated viable Profit Targets and also hopeful to materialize soon as well. Lets c how it plays...
MLCF is BullishPrice was in a downtrend, however the bullish divergence on daily time frame suggests that bulls are trying to attain control of the price action. The bullish notion is further confirmed by the break of previous lower high and printing of a higher high. If thee momentum sustains then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.
MUREB | Strong rally going to end?The chart suggests that Murree Brewery might be in a corrective phase after a strong rally. The key levels to watch are the 50% (PKR 411.97) and 61.8% (PKR 370.20) Fibonacci retracement levels, which are potential support zones. If these levels hold, the stock could resume its upward trajectory, targeting PKR 588.00.
MEBL : Hourly time frame, Bullish Reversal PatternDivergence between price and momentum depicting a probability of bullish reversal movement.
CNERGY | Daimond PatternCNERGY is currently forming a diamond pattern, which suggests a potential uptrend. A breakout level is identified around 4.30. Should the price sustain above this level, it may advance towards 4.80 and subsequently to 5.38. It is advisable to set a stop loss at 3.75, positioned below the previous swing low.
GGGLScrip has the potential to go towards upside and therefore approximate Profit Targets marked for ready reference.
GLAXO TRENDING UPWARDSThis is the GLAXO's Weekly chart
Glaxo after significantly remaining range bound for approximately year and a half has initiated its upward journey. Upside expected / attainable Profit Targets marked. Lets c what happens and how it plays.........
WavesApp - Long positionBreak put EMA 200 on hourly chart
ABCD patter in play
Between Target Rs 10.6 - 10.7
ThoughThough it has completed Bullish
Flag Pattern Target nut Breaking 152 - 153
will make it more Bullish.
Otherwise it seems it may touch 120 & then
100 -101 in couple of weeks (may be).
NRL | EMA200📰 On the Daily timeframe, the price has ascended above the EMA200 line, signifying a robust bullish trend. Recently, it has shown pull back from EMA200. Such a pull back typically indicates the continuation of a bullish trend. Furthermore, the MACD histogram needs to transitioned from the negative zone to the positive zone, further endorsing the potential upward movement toward our first target at 286. Subsequently, the price may revisit the pullback zone before establishing a new high and achieving the second target at 306.
🛑 It is essential to note that the analysis will no longer hold validity once the support area breaks at 260.
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TRGBased on Divergence price is moving toward change of trend.
Still needs to confirm break green line, with respective TPs.
SL strict following on closing basis.
Risk management is key to success.
APLPrice changing mood to Bearish, small pull back expected. No long entry until it breaks High on Green line.
Bullish Divergence on Weekly TF.
Sustaining 142 - 143, may lead it
towards 165 -170.
On the flip side, immediate support
seems to be around 126 - 129 & then
around 112 - 113.
PSXThe price movement is exhibiting a pattern of higher highs and higher lows, signaling a bullish trend. Presently, there is a retracement following the establishment of a higher low, which coincides with a significant support level. This suggests a potential continuation of the bullish trend.
The initial target price is aimed towards the previous high at 16.60. Further, upon a breakout and sustained trading above this previous high, an anticipated new higher high level around 18.10 is envisaged.
To manage risk effectively, it is advisable to implement a stop-loss at 13.90.
MEBL-PSXSHORT SELL
break the daily suupport and and also went out from channel
next buying zone is 210 Rs
FFL | CUP & HANDLEFFL has broken resistance of cup handle on daily, weekly and monthly charts with higher volumes. You can buy here and sell @ 10.60 & 12
FFL | CUP & HANDLEFFL has given breakout on daily, weekly and monthly charts with higher volumes. Buy with stop loss of PKR 9
TP 1: 10 .60
TP2: 12
SL: 9
AIRLINK | Pennant Break OutAIRLINK pennant break out and retest occurs, now price has shown a pull back after making support. Long position can be establish below 144 with the stop loss of 140. Initial target is around 150 and pennant projection target lies around 163-164.
MTL MTL Expected move 570, consolidation would be a good sign to start the bullish move, if the price needs to cross 615 to start a Bullish trend. Failure or closing below 570 again leads to a below Green Demand Zone.
AVN-PSXUsing pure price-volume analysis with a Renko chart, you can identify different support and resistance levels. By using a volume indicator, you can determine the most traded price level, which represents the accumulation zone—around 55.74. The price range between 54.12 and 56.90 is also an accumulation zone. Adjust your strategy accordingly by taking profit or accumulating more, based on your level.
