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PRL Bullish Based On Marketwide ActionTechnical Analysis: PRL - Buy Call * Price Action: Consolidating above ascending trendline. * Breakout: Potential uptrend above PkR25.55. * Resistance: Initial at PkR28, intermediate at PkR30, major supply at PkR36. * Moving Averages: Below 200-day SMA, above 50-day SMA. * Momentum: Bullish (MACD, RSI). * Risk Management: Stop loss below PkR23 if trendline breaks. Overall: Bullish consolidation, potential for uptrend, but risk of downside if trendline breaks.
PSX:PRLLong
by mbaberhanif
SAPT - PSX - Technical AnalysisOn daily TF, from 05 Aug till 25 Sep 2024 Trend was Bearish. Now Price is in sideways. It is also below SMA 89 curve but not by much. Volumes are very low as well. Klinger Volume Oscillator suggests that Bulls are taking over the Bears but not by much as cross is very slanty not vertical, additionally it is below Zero line which means overall in Bearish zone. RSI indicator at 50 suggest neutrality but direction is upwards. Resistance zones have been marked on chart. If price crosses 1287 then it may go in the bull run. Then first TP will be 1400. It will be critical level to cross. Once it crosses it then price will have a very sharp rise testing all time high of 1725.
PSX:SAPTLong
by Golden_Spur
SAZEW | Bearish Flag PatternThis chart is for Sazgar Engineering Works Limited (SAZEW) on the Pakistan Stock Exchange (PSX). Here’s a breakdown of the analysis: Bearish Flag Pattern: The chart highlights a "Bearish Flag Pattern." This pattern is typically a continuation pattern seen in a downtrend, where the price consolidates before continuing its downward move. It suggests potential weakness in the stock price. Support Level at 860 PKR: There is a significant support level marked at 860 PKR. If the stock price breaks through this level, it could trigger further declines. Support levels are key price points where demand could potentially increase, preventing further drops. Price Action: The price is currently around 965 PKR (as of the chart date), and the stock has been in a slight downtrend. The bearish flag indicates that after a small consolidation, a drop could happen, possibly to test the support at 860 PKR. Possible Rebound: The chart suggests a potential rebound from the support level. If the price successfully tests and holds at 860 PKR, a recovery might occur, as indicated by the upward curve. However, if the stock breaks below the support, it could signal a bearish continuation. Overall Outlook: Short-term trend: Bearish, as suggested by the flag pattern. Critical level: The 860 PKR support level. A break below it could lead to further declines, while holding it could signal a potential reversal or bounce.
PSX:SAZEWShort
by mbaberhanif
CPHL | Cup & Handle PatternCPHL is currently forming a cup and handle pattern, with the cup already completed. The stock is expected to experience a pullback as it forms the handle, with the neckline situated around Rs. 35.67. Initial support for the handle is anticipated in the range of Rs. 31.70 to Rs. 31, where a long position can be considered. A break above the neckline could encounter intermediate resistance around Rs. 40, while the pattern's projection target is approximately Rs. 49.70.
PSX:CPHL
by mbaberhanif
7
NBPNBP - Buy Call Stock Summary : In the latest trading session, NBP closed at PkR60.02. The daily chart shows that the stock holds above both minor and major moving averages, supported by an upward trend. Parabolic SAR is positioned below the current stock price, indicating a positive stance. The RSI is at 63.61 suggesting strength as it remains above the neutral level. Recommendation : Initiate buying positions on weakness or near the support zone and set stop losses below PkR57.51 to manage risk effectively. Initial target is at 61.27 and secondary target is at 62.53.
PSX:NBPLong
by mbaberhanif
Breakout Opportunity: DNCC Approaching Key ResistanceThe weekly chart of Dandot Cement (DNCC) shows a recent 19.55% surge, closing at PKR 13.15. The stock is approaching resistance levels at PKR 15.70 (R1), PKR 16.25 (R2), and PKR 18.23 (R3), with a descending trendline acting as overhead resistance. A breakout above R1 could push the price higher toward R2 and R3. The support zone around PKR 6.00 indicates strong buyer interest, making it a good risk-reward setup. A long position could be considered above R1 (15.70), with a stop loss near PKR 11.
PSX:DNCCLong
by mbaberhanif
AIRLINK - PSX Long (Buy) Trade CallAB=CD pattern has been drawn which suggest that it should reach 200 mark by 2 Dec 2024. On RSI there is no divergence therefore bull run will continue after small correction. 151.82 is previous all-time high, which is critical area. Buy now and till price retraces, if retraces, till 139 is very good opportunity. Stop Loss for SWING traders is 120. However, for day traders 134 S/L is suggested. Buy LONG Trade Call values:- Buy 1 (instant) : 144.34 Buy 2: 142.50 Buy 3: 139.50 TP1 : 180 TP2: 199 SL: 134 SL (SWING TRADERS) : 120
PSX:AIRLINKLong
by Golden_Spur
EPCL🚀 Stock Alert: EPCL 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Level: 43.30 🎯 Target Level: 45.50 ⚠ Stop Loss: 42.20 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: YES 📰 Technical View: The current price movement is evaluating a support level, coinciding with the observation of a Doji candlestick pattern, traditionally interpreted as indicative of a potential reversal in market direction. Furthermore, the Relative Strength Index indicates an oversold condition. Consequently, a strategic assessment suggests contemplating a long position entry point at the resistance level of 45.50.
PSX:EPCLLong
by mbaberhanif
2