ENGRO corporation buy idea. ENGRO corporation weekly time frame.
I believe engro is at perfect price to buy for long term hold, i am expecting 30-50 PKR move each share within next couple of weeks to a month.
a Beautiful Cup & Handle Pattern on Weekly TF.
Possibility of Re-Testing its Previous High around 148 - 150.
On the flip side, 203 & then 220 is a Strong Resistance level.
PSO:PSX Buy CallPSO printed a Bullish Divergence with a Falling wedge pattern suggesting a Bullish shift in momentum.
Market entry is suggested with Stop Loss on previous Lower Low. Take profit levels are recommended on 1:2 Risk Reward Ratio.
Happy Trading!
GALGAL has shown a break out on 4 hour time frame. Short term position can be consider around 193.50 for the target of 202.80. If it breaks previous resistance of 202.80 then more upward can be expected.
PPL Analysis 2.0🚨 Trade Alert: PPL Bearish Harmonic & Flag Pattern 🚨
We have identified a bearish setup in PPL, marked by the following patterns:
Bearish Harmonic Pattern 🐻
Bearish Flag Pattern 🚩
Technical Indicators:
No divergence is present, confirming the bearish outlook. Additionally, PPL is printing Lower Highs (LH) and Lower Lows (LL).
Entry Point:
Place a sell stop at 117.00.
Target Price (TP):
TP: 112.00 📉
Stop Loss (SL):
Place your stop loss at 121.88 to manage risk.
Trade Summary:
Sell Stop: At 117.00
TP: 112.00
SL: 121.88
Trade Type: Short Swing 📉
Good Luck! 🍀
Stay informed and trade smart! 📊
MUGHALWe can attempt to buy MUGHAL from specified level as it gives breakout of yellow box , also trading in bullish rectangle pattern (continuation pattern) , also there is no bearish divergence at current levels.
SL , TP mention in chart
NETSOLWe can attempt to buy NETSOL from specified level as it is trading in parallel channel , also 0.5 FIB intact , also there is no bearish divergence at current levels.
SL , TP mention in chart.
ISLWe can attempt to buy ISL from specified level as 0.382 FIB also intact , also there is no bearish divergence at current levels.
SL , TP mention in chart
PAEL Analysis 2.0🚀 Trade Alert: PAEL Bullish Pennant Continuation Pattern 🚀
We have identified a bullish continuation setup in PAEL, marked by the following pattern:
Bullish Pennant Pattern 🚩
Technical Indicators:
No divergence is present, validating the Bullish Pennant pattern.
Entry Point:
Place a buy stop at the break of the Lower High (LH) at 26.60.
Target Prices (TP):
TP 1: 29.00 🥇
TP 2: 32.00 🥈
Stop Loss (SL):
Place your stop loss below 23.80 to manage risk.
Trade Summary:
Buy Stop: At LH break at 26.60
TP 1: 29.00
TP 2: 32.00
SL: Below 23.80
Trade Type: Long Swing 🎢
Good Luck! 🍀
Stay informed and trade smart! 📊 23.80 AND TP 1 29 TP 2 32
GWLC Analysis 2.0.We have identified a promising bullish setup in GWLC, highlighted by the following patterns:
Bullish Flag Pattern 🚩
ABCD Pattern 📈
Technical Indicators:
No divergence is present, validating the Bullish Flag pattern.
Entry Point:
Consider buying in the range of 29-30.
Target Prices (TP):
TP 1: 34.91 🥇
TP 2: 39.91 🥈
Stop Loss (SL):
Place your stop loss at 26.30 to manage risk.
Trade Summary:
Buy Range: 29-30
TP 1: 34.91
TP 2: 39.91
SL: 26.30
Trade Type: Long Swing 🎢
Good Luck! 🍀
Stay informed and trade smart! 📊
Trend is Bullish.
Current Resistance is around 680.
It should Not Break 568 in worst case.
However, Trendline Support should be respected.
NML🚀 Stock Alert: NML
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buy Level: 75.50
🎯 First Target: 79
🎯 Second Target: 83.75
⚠ Stop Loss: 72
⏳ Nature of Trade: Mid Term
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
📰 Technical View: Presently, NML observes 12 million volume in hourly time frame with a break out level. First target lies at 79 and upon break out next target lies around 83.75 with the stop loss at 72.
MCB Analysis 2.0MCB forms a continuation pattern with no divergence .
PLACE buy stop order at 217
SL at 201.89
Tp 1 at 233.
Bearish Divergences are there on Weekly TF.Bearish Divergences are there on Weekly TF.
125 - 126 is Still an Important Level that
should be Sustained.
Otherwise, 119 - 120 may give a Bounce Upside.
On the flip side, 135 is an Important Resistance.
However, if 142 is Crossed & Sustained, we may
witness 150 then 158 - 159.
Analysis Shared on 16-05-2024 played really well.Analysis Shared on 16-05-2024 played really well.
It Touched 785 exactly. As mentioned earlier, we
may see Trend Continuation now if the Current Level
is Sustained with Target around 1000+
Currently Near Resistance around 459 - 465.Currently Near Resistance around 459 - 465.
For Fresh Entry, one should wait for 480 to
Cross & sustain.
On the flip side, 427 - 430 may act as an
Important Support.
PSX: CNERGY foundation has been laid.From the start of this year the CNERGY has been struggling to sustain it journey to north and has not been successful in its attempts. In all this a triangle has been formed suggesting that it will resume its journey in whichever direction it breaks. Currently the price is breaching the upper trend line creating a bias for upward movement.
SL for the trade is 3.40 & correspondingly the TP is 5.40. Close above 5.40 shall lead to the medium term TP which is 7.48
Wishing you Profitable Trading
SNGP🚀 Stock Alert: SNGP
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Range: 66.50-66.75
🎯 First Target: 68
🎯 Second Target: 70
🎯 Third Target: 72
⚠ Stop Loss: 65
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
PPL🚀 Stock Alert: PPL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 115 - 116
🎯 Targets : 127
⚠ Stop Loss: 107
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
📰 Technical View: An apparent deviation from the upward trend line is noticeable on the chart. Additionally, the formation of a head and shoulders pattern may occur if the price reaches 127 and displays a rejection at that level. A potential trading opportunity arises within the range of 115-116, aiming for a target of 127 corresponding to the right shoulder of the pattern. To manage risk, it is recommended to set a stop loss just below the neckline break, approximately around 107.
FFL🚀 Stock Alert: FFL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 9.90
🎯 Targets : 10.90
⚠ Stop Loss: 9.20
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: The price action is currently testing lower Bollinger band and the overall trend is upward making higher highs and higher lows. Moving forward, the pull back is observed from the lower band. Upper band lies around 11 from where selling can be seen. Risk is defined below 9.20.
MCB🚀 Stock Alert: MCB
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 185
🎯 Targets : 197
⚠ Stop Loss: 181
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: NO
💰 Dividend Paying: YES
📰 Technical View: Trend line break out is observed in the last trading session. The closing price of MCB was at 185.76. First and second resistance lies at 191 and 197 respectively. Stop loss can be placed below 181.
