Systems Buy Idea!Systems has been accumulating for exactly the same time now as last time
if it breaks above 600-700 could be the final target
BWHLIn financial markets, "AB=CD" is a harmonic pattern that traders use to predict potential reversals or continuations in price movements. It's named after its basic structure: the price forms two legs (AB and CD) that are equal in time and price magnitude.
A "bullish AB=CD" pattern suggests that the price is likely to rise. Traders look for specific Fibonacci ratios between the lengths of AB and CD, typically 0.618 or 1.618, to confirm the pattern. When these ratios align, it's seen as a signal that the price may continue to rise after completing the CD leg.
However, like any technical analysis tool, it's not foolproof, and traders often use it in conjunction with other indicators and analysis methods to make informed decisions.
FCCL is heading to 60 level FCCL financial results was good and today reduction of 250 bps in monetary policy is additional helping hand to push FCCL share price to 60 level, Today is breaks 35 level and now it is going to break these next levels in chart soon.
Note: This is not a buy/sell call.
MLCFThe price action is in uptrend, currently trend line resistance lies around 40 which consider as the first target of MLCF. For swing trading setup, price needs to break out for upside projection.
MLCF | Flag PatternMLCF is making flag pattern, break out is already observed, flag projection lies around 48
SYS | Parallel Channel VS Support LevelThere are two possible scenarios in SYS technical chart, either it follows parallel channel or pull back from its current support level.
Airlink is ready to fly to 150 level soonAfter recovery from 118 to 130 level. Airlink is on a good support level and it could be fly to level of 150 soon, Today it move very fast to 130 level and this momentum will make possible for 150 level.
Note: This is not a buy/sell call.
Favoring BullsNegative Point: Bearish Divergence on Daily TF
Bullish Points:
Morning Star Formation on Daily TF.
Bullish on All Time Frames
Sustaining above Strong Resistance area (218 - 219);
this may act as Support now.
Immediate Resistance area : 249 - 260
Immediate Support area : 217 - 221
We may witness 290+ if 270 - 275 is Crossed
Make it or Break it...72.10 is Important to Sustain on weekly basis
to move towards upside.
& 77 is a Strong Resistance level.
On the flip side, 65 - 66 is a Strong Support area
that should be respected.
It is Bearish on all Time Frames.It is Bearish on all Time Frames.
But Currently it is at 38.20 % fib level; we need
to wait for a Bullish Signal (at least on hourly basis)
for fresh entry here.
If this Support is broken, we may witness 63 &
then 55 - 56 as it would also be a Double Bottom
area.
old analysis played well As mentioned in last analysis, it successfully
touched 1050 after sustaining 955.
Now it is near Immediate Resistance area.
Currently, it is moving in a range from around
930 - 1050
Sustaining 1065 may lead it towards 1100+
On the flip side, 930 is a very Important Support.
Will it take a Support Now???Seems like taking Support from 23.60% fib level
which is around 120.50 - 121.50
Slight Bullish Divergence on Shorter TF may push
the price upside towards 130 - 133.
However, True Bullish Momentum will continue
if it Crosses 134 & then Sustains 139-140.
At Good Support Level?422 - 425 may also act as an Immediate Support.
However, a Very Important Support lies around
412 - 415.
However, if this level is broken, we may witness
382 - 387.
Sustaining 427 - 428 may lead it towards 500.
And Crossing & Sustaining 510 may expose range around 650.
AVN - Monthly TargetThis signal is only for long term investor who can hold their holding in AVN with patients. this is good time to accumulate and buy on dip. you will see the Target price soon.
only for Investers not for traders :)
Octopus - Buy - High risk SetupOctopus is hitting lower locks since last 3 days and now at strong support zone at OB zone. Buy with strict loss at 61.94 and TP at previous support turned resistance 77.6 RR ratio 1:1.5
HINOON - PSX - Buy IdeaHighnoon Laboratories Ltd is forming a classic cup and handle pattern, suggesting a potential bullish continuation if it breaks above 854.78 PKR. A slight pullback may occur with an RSI in overbought territory, but a breakout could target 1,013.82 PKR.
FCEPL 82.65 and 94.51 are key levels for its flightThese both are key levels for its journey to above level of 100.
Note: This is not a buy or sell call.
Can HCAR will touch again 280 level after support of 241Current Financial results and after EX HCAR is above strong support level of 241 and currently it is trading on 248. These both conditions are favorable for its next level of 281.
Note: This is not buy/ sell call.
SNGP | Swing Trade SetupSNGP shows a symmetrical triangle pattern, which often indicates a breakout either upwards or downwards as the price narrows into a point. In this case, the price appears to be breaking out upwards, supported by strong bullish momentum. The chart has three clear target levels: TP1 at 81.50 PKR, TP2 at 93 PKR, and TP3 at 104.64 PKR. This suggests a potential for significant upside if the breakout is sustained. Historically, the stock was in a strong downtrend from 2017 to 2020, followed by a long consolidation phase, and is now showing signs of recovery with possible upward continuation.
MARI potential Buy setupReasons for bullish bias:
- Fundamentally a very strong company
- Price respecting upward trendline and is at 0.382 Fib level
- Overall a bullish trend
- Divergence also getting synched
Here are the recommended trading levels:
Buy 1: 402 (CMP is also good)
Buy 2: 384.19
Stop Loss Level: Closing below 355.8
Take Profit Level 1: 482.91
Take Profit Level 2: Open
