Making HH HL on Daily TF; butMaking HH HL on Daily TF; but 236 is
Important to Sustain for Further Upside.
222 - 225 may act as an Immediate
Support Zone.
Though 206 is a key level that should
not be broken. However, retesting of
193 - 195 levels is also possible in worst case.
Upside Immediate Targets can be around
265 - 270.
Still Bullish on Bigger Time Frames.
Immediate Support seems to be around 92 - 93
which is also 38.20% fib level.
In the worst case, 80 can be tested which seems
bit difficult as of now because of other Bullish
indicators.
Resistance for now is around 99.50 - 100; crossing
it will lead the price towards 110 - 111.
GHNI offering over 30% gains from these levelsthe stock is continuing its uptrend and after making Cup and handle formation, successfully broke out the handle, if it posted daily closing above 444, the stock is likely to test its cup and handle projection of 590 which is a good return of ~32%
with a SL of 360, as per trade plan, entry should be made at 444, with TP1 of Rs. 528 and TP2 of 612, however, as per Cup and Handle projections, one can close the trade around 590 levels.
LPGL - PSX - Technical AnalysisOn daily TF, this stock is in Bearish run for quite some time, making LHs and LLs. However, now seeing PSX going into bull run every stock has started to shift its momentum towards bull run.
SHARK harmonic pattern has been drawn (93% compliant). If price follows this pattern then very good return are expected. Price value zone of 170~175 is critical resistance zone, if it is crossed then bull run will likely to follow this pattern. RSI and Stochastic are indicating sufficient space to stay in bullish run. However, be mindful that a limited volumes are traded in this stock.
Trade Values
Buy (CMP): 131.99
TP-1: 165
TP-2: 235
TP-3: 365
TP-4: 440
SL: 100
PTC for 17% gainsPTC can be traded for over 17% gains. The stock has completed its completed its 38% retracement and now about to make another Higher High
Daily Closing is required above 28.51, thereafter first resistance is 28.88, once the stock sustains above that level. Trade can be entered into with Stop loss level of 23 for a Target Price of 34.08
Crossing 28.51 will trigger the classic ABCD pattern, final projection will be around 34.88 which could be the PRZ
Waves Corporation-BuyWaves corporation is making HH and HL. recently it retraces up to 61.8% of fib level, respect ascending trend line, made very bullish candle pattern and also formed Hidden divergence which is indication of continuation of current bullish trend.
with 1:1 risk reward ratio, buy call can be taken
TRG is BullishPrice was in a strong downtrend, respecting the descending trendline, however a matured bullish divergence on daily time frame suggests that bulls are trying to assume control of the price action. Now it seems that the descending trendline would be broken by bullish momentum which would potentially lead of a bullish reversal as per Dow theory. Targets are mentioned on the chart.
CSAP is heading to 131 againCSAP is dropped from its strong support of 101 and not touched to support of 93.82, fresh entry could be taken if it crosses 101 again or it drops to 93.82 and bounce back. Stop loss 93 and 83 TP 1 is 108, TP 2 is 117 and TP 3 is 131
Note: This is not a buy/sell call. It is an analysis. Trade at your
own will.
Breakout retest possible...Weekly Breakout was Triggered around 370 - 375.
Best Buying Opportunity would be if it comes to
re-test the Breakout level.
Immediate Supports can be around 410 - 412,
390 - 392 & then the Breakout Level (around 375).
Immediate Targets can be around 520 - 525.
However, 297 should not be broken.
SYS - PSX - Technical AnalysisOn daily time frame, price after defining a Higher Low of bull cycle is going up. A hidden bullish divergence has also played indicting that trend will continue. KVO also suggest that bull run is still on. TPs have been set using Fib.
Trade Value:
Buy CMP: 599.78
TP1: 679
TP2: 716
SL: 520