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GLAXO | More uptrend or reverse?The price action of GLAXO is currently in an uptrend. Recently, it broke through its trend line resistance and, according to the Impulse-Correction-Impulse (ICI) strategy, has since pulled back after retesting the breakout level. This retest has established dynamic support at the previous trend line resistance. The price is now hovering above the resistance level of 173.58, which is acting as initial support. The next resistance level is anticipated around 202.29. The Relative Strength Index (RSI) is currently at a level of 81 which indicates the stock is at overbought level. While MACD hovering above the neutral line.
PSX:GLAXOLong
by mbaberhanif
ISL | Head & Shoulder PatternThe pattern identified is a "Head and Shoulders" formation, which typically signals a bearish reversal. The left shoulder and the head have already been formed, and the right shoulder is now in the process of forming. A long position can be considered during the formation of the right shoulder, indicating the possible completion of the pattern. The chart outlines three potential take-profit levels (TP1: 70.60, TP2: 74, and TP3: 79), suggesting a possible retracement before the price continues its movement. The relatively low volume could impact the strength of future price movements. Use stop loss at 60 to manage risk.
PSX:ISLLong
by mbaberhanif
2
PSO outlookAs the previous market data is concerned the data for PSO shows us a fall in the price of share i am watching ptice to fall to its weekly support level and the price gauge to 155.68 level of support , as well as the trend is concerned stock is in a bearish trend from weekly to daily to H4 to H1 there is some resistance to bearish trend over H4 TF but main trend is breaish price is also forming a Continuation pattern to the bearish trend i am bearish over next week to 155.88 level of support
PSX:PSOShort
by Wakeel_Saab
SAZEW- LONG Trade CallLONG (Buy) Trade Call Technical Analysis: Entry: On crossing Flag's Upper Resistance Level which will likely indicate a start of bull run. This is the safest approach to enter once bull run is confirmed. On the flip side of it comes Mr. Fibonacci - who gave us Fibonacci Equation. And over the past 4 decades now it is norm to consider Fib retracement for getting better entry prices. As per Fibonacci principal, Fib retracement value 0.236 (Rs 963) is tested 85% of the time before going back to the original trend direction, Fib 0.382 (820.80) 70% tested which is likely to happen around 11 Oct 2024. And if market sentiments go down then it can even touch Fib 0.618 (Rs 588.79) 30% chances. Fundamental Analysis are very much in Favour as well. Therefore, place Buy Orders according to your own best judgment. I'll personally take entry on either breaking of Flag's Upper resistance OR at Fib 0.382 (Rs 820).
PSX:SAZEWLong
by Golden_Spur
HUBCThis chart shows the price movement of HUB Power Company Limited (HUBC). The stock reached a peak price of approximately 170 PKR in late June 2024 but has experienced a significant decline since then, currently trading around 121.75 PKR. The recent sell-off appears strong, with a sharp drop over the past few weeks. The stock is nearing a support level around 120.50 PKR, which was last touched in late 2023. Volume spikes (highlighted) indicate heavy trading during key price changes.
PSX:HUBCLong
by mbaberhanif
HUBCThis chart shows the price movement of HUB Power Company Limited (HUBC) stock on the Pakistan Stock Exchange (PSX). The stock reached a peak price of approximately 170 PKR in late June 2024 but has experienced a significant decline since then, currently trading around 121.75 PKR. The recent sell-off appears strong, with a sharp drop over the past few weeks. The stock is nearing a support level around 120.50 PKR, which was last touched in late 2023. Volume spikes (highlighted) indicate heavy trading during key price changes.
PSX:HUBCLong
by mbaberhanif
BNLBNL - Buy Call Stock Summary : In the most recent trading session, BNL closed at PkR13.50. The stock tested an upward trend line in the previous trading session and successfully closed above it. BNL is currently trading below 200-period moving average. The volume indicator shows an increase, indicating a positive stance. Recommendation : Initiate buying positions on weakness or near the support zone and set stop loss below PkR12.83. Initial target is at 13.92 and secondary target is at 14.33
PSX:BNLLong
by mbaberhanif
HUBC - Hub Power Company Ltd, Weekly TF , AnalysisHUBCO - On weekly candles chart, is posting very large red candle so far. Such huge candle indicates dumping in big numbers. I'm inclined to refrain from buying till it touches Buy2 price close to 113. If it crosses key support level, then I'm out by initiating Sell through Stop Loss. Then I'll wait to buy it once it touches yellow lines. I also add that RSI momentum indicator indicates Bears are in control and still there is further room to go bearish. TPs have been set at key levels where market tend to book profit after which is small dip is always seen. LONG Buy Call Buy 1 : 120.34 Buy 2 : 113.82 SL: 104.41 TP1: 155.00 TP2: 165.00 TP3: 185.00
PSX:HUBCLong
by Golden_Spur
TOMCL.PSX - LONG Buy Trade CallTechnically after a Bull Run market went into Distribution Phase. The Distribution Phase is about to end as a Triangle pattern has formed which is very likely to cause price chart to enter into Advancing Phase that will trigger a bull run once again. Seeing the Pole & Flag pattern (Yellow lines) the Bull run may go up to PKR 66~70 zone. Earnings will be announced on 27 Nov which will further pump the price and then one can exit by booking profits. Fundamentally, the company is looking promising as recently it has got a deal with a Chinese company for providing meat to Chinese consumers. The company's share can be held for long term as well. LONG Buy Trade Call Entry 1: 41.40 Entry 2: 40.00 SL: 34.40 TP1: 46.75 TP2: 56.00
PSX:TOMCLLong
by Golden_Spur
5
PPL.PSX - Short Sell CallOn Daily TF Trend is overall Bearish. By looking at RSI indicator it is evident that Bears are in control here. Price is likely to test 103.5 support level and by the look and Volume of candles it is giving an impression as if price is likely to break the support level of 103.5 and will test 94.5 level. And even can go further down and test third support level at 72.00 . To draw confluence, also seeing the historical data, after every Earning and Dividend the price dips, therefore, on 16 Oct and 29 Oct, 2024 price will dip. Also oil prices also going down and therefore PPL is also going down. Hence, in December it would become a Buying Option at around Rs 72. One can Short Sell once price drops to 102.50. Disclaimer: This is not a financial advice, take your trades as per your own analysis and dynamics.
PSX:PPLShort
by Golden_Spur
1
HUBC -PSX - LONG Buy CallHUBCO is retracing and it may bounce back from its support level is at 126.45 . On Weekly time frame it is also evident that selling is on for booking profits by big fishes. Since market sentiments are also a bit negative, therefore, chances are that it will test support level of 109 as well. So first Buy Call at 126.45 to 127 will fetch very good returns. And if price still falls then next support level is at 109.55. Second Buy at that price is even better. On Daily time frame RSI momentum indicator suggest that momentum is on Selling side and since there is no RSI divergence yet, therefore, Buy 2 is quite possible at 109.5 zone. Expected gains are almost 70% on NAV value and if we add expected earnings and dividends then even 100% is possible.
PSX:HUBCLong
by Golden_Spur
HUBC----- buying near 126-----132The Hub Power Company Limited was incorporated in Pakistan on August 1, 1991 as a public limited company. The principal activities of the Company are to develop, own, operate and maintain power stations. The Company owns an oil-fired power station of 1,200 MW (net) in Balochistan (Hub plant). Fundatmental analysis HUBCO have book value of 161 now its trading under its book value and its latest earning per share is Earnings Latest EPS Upto 2024 4Q Rs. 53.98 EPS Last Quarter 2024 4Q Rs. 15.78 Dividend: 85% annonce on 18 september COGR last 5 years CAGR 19.94% Growth/Year technical Trend is making higher high and higher low now trend came to Fib 0.6 level and 50 ema and monthly resistance now more chances of trend goes in bullish
PSX:HUBCLong
by ali11002