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FFL: Potential Bullish Targets AheadFFL highlighting a potential "cup and handle" pattern. The price recently broke out above a downward-sloping trendline, marking the handle's resistance at approximately 11.86 PKR, suggesting a potential bullish reversal. Key resistance levels are marked at R1 (14.82), R2 (16.47), and R3 (18.70), providing potential targets if the upward trend continues. This breakout from the handle's resistance could indicate a momentum shift, with the next targets aligning with these resistance levels, confirming the pattern's bullish implications.
PSX:FFLLong
by mbaberhanif
PNSC - PSX - Technical Analysis - Buy CallOn Daily TF, Price has seen a steep bull run of 4 days. Then retracement of 5 days and now price is in distribution phase for the last 10 days. This is a good sign for another bull run. Hidden Bullish Divergence on RSI is also present which also confluence a sharp increase in price. KVO is just below zero (in bear run) but turning upwards. Blue line (Oscillator) is about to cross green line (trigger) as well. Therefore, one can enter in trade immediately at Market price or technically correct value at 291.50. Therefore, Buy trade should be :- Entry (Buy) : 291.50 Stop Loss: 269.50 TP1: 320 TP2: 383
PSX:PNSCLong
by Golden_Spur
UNITY is BullishThe macro trend of price action is bullish fueled by a humongous insider transaction. Bears assumed control of the price action for few months which resulted in a good retracement. However, now the descending trendline is broken and a double bottom reversal pattern has also formed that led to the break of previous lower high, indicating that bulls have assumed control of the price action now. First higher high is printed successfully and with bulls in the driving seat further highs are expected as per Dow theory. Moreover, the macro projections of AB = CD pattern also have targets of 40+.
PSX:UNITYLong
by Fahad-Rafique
ILP | End of H&S Pattern?Interloop (ILP)- Swing Trade Setup Company Profile Interloop is a leading vertically integrated textile manufacturer, producing high-quality hosiery, denim, knitted apparel, and seamless activewear for top global brands and retailers with a strong focus on ESG. Trade Setup Current Price PkR63.50 Entry Price PkR63 First Target PkR70 Second Target PkR75 Third Target PkR80 Stop Loss PkR54.50 Risk & Reward Ratio 2 PE Ratio 5.6 (below 6) Analysis: ILP declined after making Head & Shoulder patter and currently at its support level. Last two week candle shows sustaining in the price. Possible pull back is expected. It's entering a double bottom zone, which typically indicates a bullish reversal. Look for entry points in the designated buyback zone for a strategic trade. Price Targets: Expect an initial surge to around PkR70 and aim for a mid-term target of PkR75. Optimistically, the final setup target could hit PkR80.
PSX:ILPLong
by mbaberhanif