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NRLA "double bottom buy stop" strategy is a trading approach based on technical analysis. It involves identifying a specific chart pattern known as a "double bottom," which consists of two consecutive troughs at approximately the same price level separated by a peak. The strategy entails placing a buy stop order above the peak that separates the two bottoms. This order is triggered if the price surpasses that level, indicating a potential bullish reversal. Traders often use additional tools and indicators to confirm the pattern and manage risk effectively.
PSX:NRLLong
by B9A-88652-NisarAhmad
MARI will not give upMari is giving a good opportunity to ride at current retracement phase. Currently it is at 23% Fibb Level where i made a good hammer candlestick with nice volumes on daily chart. 1st Buy Reason: Great Management, Nice Fundamentals. Trading at Accummulative Level. 2nd Buy Reason: Wanted to Buy many shares on 1st Buy. But Couln't did at that time. Invested again when money came in. 3rd Buy Reason (Will do on Friday Dt 24-01-2025: I always buy good stocks if it goes down -9% within a week. Trading at 23% of Fibb Retracement Signalling a good hammer + volume increase. 4th potential Buy: Around 464 Level 5th potential Buy: Around 360 Level
PSX:MARILong
by hameedops
MARI - PSX - Trading in Sideways Trend for 20% gainMARI is moving between 660 to 740 over the past one month or so. KVO is dipping which suggests a further dip in price. RSI is also dipping much below Zero level. Therefore, I'm eager to see it test 610 level once more. However, this is No 1 Stock of PSX and may attract Buyers at any time. Therefore, I'll buy in steps to make sure I have the stocks at lower rates. Trade Values Buy-1: 660 Buy-2: 640 Buy-3: 620 Buy-4: 610 TP-1: 708 TP-2: 720 TP-3: 735 SL: 600 Buy-5: 760 (Once price moves above this parallel channel sufficiently) SL-5: 745
PSX:MARILong
by Golden_Spur
2
Feroz Technical Analysis: Potential Buy OpportunityFeroz currently displays a bullish trend supported by key indicators. Price has rebounded from a trendline and is trading above the 89-day EMA, a historically significant support level respected by the price action. A recent support zone bounce and alignment with the Fibonacci Golden Ratio further strengthen the bullish outlook. Buy levels are 330 (CMP) and 310, with a stop-loss set on a closing price below 275. Happy trading!
PSX:FEROZLong
by TradeWithParas
MEBL - PSX - Technical AnalysisMEBL is in sideways for almost seven months now. It is very much likely to continue in that fashion as interest rates cut is expected further. Therefore, buy on parallel channel's bottom and sell on its top is recommended. GANN support & Resistance fanes and Fib retracement tools have been used. Price has honoured both GANN and Fibonacci for this SCRIPT. Therefore, one can draw confluence while taking trades in this SCRIPT. RSI is at a mid-range emphasizing on continuation of small uptrend and then fall down. KVO is also a bit bullish (above Zero), but KVO indicator line has crossed its trigger line as well which may hint at price going up. Trade Values Scenario ONE: Buy-1 (Mkt): 246.64 TP: 271.75 Scenario TWO: Buy-2: 284 (If price breaks the resistance) TP-2: 327 Stop Loss: 207
PSX:MEBL
by Golden_Spur
OCTOPUS - PSX - Technical AnalysisOn daily TF, OCTOPUS is in a sideways channel since Nov 2024. Although it has broken out of downwards parallel channel but has actually not gotten into bull run. Therefore, one can initiate trade in sideways channel as well as once it breaks out of the sideways channel. KVO is in sideways and just below zero level, but Klinger line is above the trigger line. Which may move up. Similarly, RSI is also around 50, therefore, there is enough space to move up. Trade Values Buy-1: 68.10 TP-1: 77.34 Buy-2: 80.52 TP-2: 100 SL: 62.07
PSX:OCTOPUS
by Golden_Spur
1