MUGHAL | Parallel ChannelMUGHAL is at break out level with bullish momentum. If it breaks and sustains above 82 then the completion of parallel channel occurs at 88. Exercise caution and monitor closely.
GALFlag Pattern Formation On daily Timeframe⏳
Flag support range 152-157
Flag resistance around 173-175
This is just my observation, do your own analysis before take long or short positions
ASTL | Parallel Channel🚀 Stock Alert: ASTL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Level: 24.30-24.50
🎯 First Target : 25.60
🎯 Second Target : 27.50
⚠ Stop Loss: 22.50
⏳ Nature of Trade: Scalping
📉 Risk Level: Medium
☪ Shariah Compliant: NO
💰 Dividend Paying: NO
📰 Technical View: *ASTL* is tesing parallel channel support, long position can be consider for the target of 25.60 and after break and sustain condition it can test second target around 27.50. Use stop loss just below previous low around 22.50
LongBuy @ CMP (around 166 - 170)
Sell around 175 - 176
Stoploss 164.50 (Closing basis)
Then we should wait for 177
to Cross & Sustain; Target 200
RPL is BullishPrice was in a strong downtrend, but it has given a good breakout and is consistently printing higher highs followed by higher lows, if the trend continues we can expect good bullish rally in coming months. Targets are mentioned on the chart.
P.S This analysis is conducted on weekly time frame, and could take months to play out
WAVESAPP🚀 Stock Alert: WAVESAPP
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Range : 10-9
🎯 First Target : 11.10
🎯 Second Target : 12.50
🎯 Third Target : 14
⚠ Stop Loss: 8.50
⏳ Nature of Trade: Mid Term
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Market Analysis:
Current Situation: The price action is currently testing its support level around 10.
Recent Volume: A high volume of 37 million shares has been observed in the stock over recent days.
Expected Movement: A possible pullback is anticipated from the current zone of 10-9, with a suggested stop loss at 8.50.
Upside Targets: Potential upside targets include 11.10, 12.50, and 14.
Bullish Divergence on Weekly TF.
However, Immediate Resistance is
around 295 - 312.
Important Support levels can be around
265 - 270.
Once, 345 - 350 is crossed, it may start its
Bullish Momentum.
Alert! Low Volume Stock!
Bearish Divergence is appearing on Weekly TF.
Monthly Closing above 132.65 will be a
Positive Sign.
However, near 123 - 126 can be a Good
Buying Opportunity.
Daily Bullish Divergences are appearing.
22 - 22.30 then 20.50 - 20.70 can be
Important Support levels.
Immediate Resistances are around 24.80
then 27 -28
FFBL (Fauji Fertilizer Bin Qasim Limited) AB=CD Pattern AnalysisThe AB=CD pattern suggests that FFBL is poised for a bullish reversal upon reaching the PRZ at 43.74. Traders should monitor this zone closely for confirmation of the pattern and potential upward movement.
Trade plan
Entry Point: 37.64
Stop Loss: 28.32
Potential Reversal Zone (PRZ): 43.74
NETSOLThe price has been observed a pull back from its trend line support. Notably, this level coincides with a test of the 50-day Simple Moving Average (SMA). Based on this analysis, a potential pullback is anticipated from this region.
Consideration may be given to establishing long positions around the 132 mark, accompanied by a stop loss set at 125. The primary target for this trade is set at 144 and secondary target at 148.50.
SNGPSNGP is hovering above 200 day EMA, a possible pull back can be expected from 61 which is supporting trend line. Initial resistance lies around 65.70 while secondary resistance lies around 67.30.
PSX - PAEL BuyPlan1
Buy1 around 26 - 26.50
Buy2 around 23.50 - 24.50
TP1 around 29 - 30
TP2 around 31.50 - 32.50
Stoploss 21.50 (closing basis)
Plan2
Buy above 30 (if sustained)
Sell around 35 then around 38
Stoploss 29 (Closing basis)
PSX : WAVES WAVES is in downtrend since july 2021
As the market is consistently printing new LHs and LLs.
Currently the market has formed a double bottom on weekly with div and broke the last LH ,
seems like after forming a new HL bulls are getting ready for some upside movement.
initial buy 7.12
2nd buy 6.61
SL 5.80
TP1 8.45
TP2 9.79
KOHC is BullishPrice is in a strong uptrend, consistently printing higher highs and higher lows. Since there is no divergence yet on the daily time frame, hence more upside movement is expected as per Dow theory. Currently, the price is trying to define a higher low, which could potentially be at 0.382 of the fib retracement level and is also a support in form of higher low. Further, targets are mentioned on the chart.
BOP - A Prime Buying OpportunityThe stock of BOP has been experiencing a downtrend. However, recent indicators show a bullish divergence, suggesting a potential reversal. The break of the neckline, which corresponds to the previous lower high, followed by a retest of this level, indicates that bullish momentum may be building. This presents a promising buying opportunity for traders.
ATBA plunge & possible downside TargetsIf Scrip continues its downward movement, then it may come down to fill in the GAP highlighted in GREEN as it has already filled in the first GAP also nullified / also mitigated the first FVG as well.
Its next GAP filling is due at the level 425-412 approx. and Next CAP price Level is calculated @ 410.22, both are more or less at the same price levels.
If it still goes down then before confronting the next GAP filling it has to cross the Equilibrium zone (which is halfway between the Premium & Discount zones or 0.500 Fib level), which stand about at 400-389 Price level. After that GAP filling area is 389-376 approx.
The second unmitigated FVG on Daily TF is between 389-350 approx., and the above-mentioned GAP is part of this second FVG, and this can be another price zone that can be mitigated towards the downside.
Worthwhile to mention here is the fact that the Scrip may bounce to the upside depending on the Market Demand & Supply forces BUT the most probable area of reversal can be the FVG i.e. 389-350 price level.
IF THIS SOUNDS A BIT CONFUSING THEN GO THROUGH THE BELOW APPROXIMATE PRICE LEVELS AS PER SMC IN CASE SCRIP MOVES TOWARDS THE DOWNSIDE: -
▶ 425-412 Gap Filling zone
▶ 400-386 Equilibrium zone
▶ 389-376 Gap Filling zone
▶ 389-350 i.e. complete FVG price level zone / area - Gap Filling zone = 389-376
PTC | Bullish TrendThe price action is in uptrend making higher highs and higher lows and currently trading above 100 day EMA. Initial resistance lies around 14.40 and secondary resistance lies around 16.20, upon breaching these levels the stock has potential to make more higher highs. Use stop loss below 12.50 to manage risk.
AVN | Pennant Pattern OR Double Top?The AVN stock price currently exhibits a Pennant pattern with a confirmed breakout, indicating a bullish momentum in its price action. Presently, the resistance level stands at 63.20, potentially forming a double top pattern. Upon completion of this pattern, the projected target for the Pennant pattern is approximately 70.
NRL 1D IN RUN IN THE CHANNELIn bottom of channel buy and sell in top of channel. Play in channel. If channel break up and they further see👀
Happy trading
BIPL | Parallel Channel Break Out!BIPL is trying to break its parallel channel, if it happens and gives closing above 23.60 then more upside can be expected towards the resistance level of 25.40 and further break out can leads towards previous double top around 27.07. Must use stop loss just below previous low around 21.50 to manage risk.
GTYRGTRY is currently facing resistance level of 44.75. If it gives closing above its resistance then the completion of harmonic pattern can be consider. Next resistance lies around 46.59 and previous top resistance lies around 49.40. On the flip side, 40 is the key demand zone, upon break below will be bearish.
ATRL 1D IN PSX MAKE BULLISH DIVERGENCECertainly! Here's a description for **Attock Refinery Limited (ATRL)**:
Attock Refinery Limited (ATRL) has formed a bullish divergence on the 1-day chart, indicating potential upward momentum. The recommended **entry level** is at the current price, with a **stop loss** set at 340 to manage risk. The **take profit** targets are 388 and 413, suggesting a favorable risk-reward ratio. 📈💼
Happy trading! 🚀💰
