Bearish Divergence appeared.Bearish divergence appeared on Daily as well as
Weekly TF.
Strong resistance is there around 127 - 129.
Once this level is Crossed, we have open ways
towards 145 - 147
On the flip side, we have a good support around
120-122. However, breaking 116 this time will bring
more selling pressure towards 113 initially.
LOTCHEM PROBABLY IN WAVE ' X ' OR ' Y ' OF A CORRECTIONAs per our preferred wave count LOTCHEM is in wave Y which should take prices further down toward the 13 level and if bearish trend stays strong then even 9.50 is on the cards, however prices need to break below 15.53 level first.
Alternately prices can still be in X wave and will take prices further up towards 25.40 - 27.40 range and if the bullish trend stays strong 31 level is also at hand, however prices will have to break above 20.20 level first.
As the overall momentum of the PSX is bearish and our preferred wave count is bearish, We will activate short sell trade once price close below the red trendline on the daily chart.
Incase prices never close below the red trendline and starts rising, We will enter long position at 20.20 targeting 25.40 range. I will share stop loss for the trade setup once our trade gets actived
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PAEL SETUP ONCE AGAINPAEL is currently at its orderblock zone where the liquidity is resting if volumes come in at this level then we can expect a bounce again if the orderblock fails and there is no liquidity in OB then wait for downside levels and if the weekly ema 21 is broken then i see 30 level coming but still we will look into some more levels for now just focus on this orderblock
the previous supply is completed here
PSO Facing Trendline Resistance – Possible Retracement AheadMollyRonaldFx Report
The PSO 15-minute chart shows a strong bounce from recent lows, with price currently testing a well-defined descending trendline. Although today’s movement reflects bullish momentum (+2.22%), the resistance at this trendline may trigger a pullback. The projected short-term scenario indicates a potential dip towards the 348 support zone. A failure to break and hold above the trendline could confirm this bearish move. Watch price action closely near the resistance area for confirmation.
AKBL buying opertunity AKBL Buying Opportunity:
Analysis:
1. *Support Level*: AKBL shows strength on support, indicating potential buying interest.
2. *Buying Range*: PKR 37-34 seems like a reasonable entry point.
3. *Stop Loss*: PKR 32 provides a buffer against potential losses.
4. *Target Prices*: PKR 40-42 and PKR 45 offer potential
Next Steps:
1. *Monitor AKBL's Performance*: Keep an eye on AKBL's stock price and adjust strategy as needed.
2. *Stay Informed*: Stay up-to-date with market news and analysis.