CSAP - CONCEALING BABY SWALLOWLikely a bullish reversal to revisit the resistance zone b/w 55 - 56, followed by 59 levels.
SL: 53.00
DOL - Triple Bottom structureDOL has made triple bottom structure and break its neckline, now retesting it.
We are going long in DOL.
ENGRO | Testing 200 EMA📰 On the Daily timeframe, the price has ascended above the EMA200 line, signifying a robust bullish reversal from this point can be anticipated. Such a pull back typically indicates the continuation of a bullish trend. Furthermore, the MACD histogram needs to transitioned from the negative zone to the positive zone, further endorsing the potential upward movement toward our first target at 339. Subsequently, the price may break and sustain above 340 level before testing next resistance of 359.
🛑 It is essential to note that the analysis will no longer hold validity once the support area breaks at 300.
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MFL (MONTHLY) - MORNING DOJI STAR (BULLISH)🔰 TICKER : MFL | TRADING CALL
❗ LOW LIQUIDITY / SLOW MOVER STOCK
🔰 STANCE : BUY (BULLISH)
(25-JUNE-2024)
⚡ NEW BUYING RANGE : 27.60 - 28.20
🔺 INITIAL STOPLOSS : SELL IF CLOSES BELOW 26.80
⭕ ID SL : SELL IF CLOSES BELOW 27.00
📶 STOP BUY : BUY ABOVE 29.40
⚡ TG - 1 : 29.40 - 30.60
⚡ TG - 2 : 31.30 - 32.27
⚡ TG - 3 : 33.10 - 34.80
👉 Take Partial Profits on Recommended Targets🙏
▪ INTRA-DAY, SWING TRADES & POSITIONAL TRADE
Disclaimer: High-risk and low liquidity trades carry significant risks, including potential substantial losses. These calls are for experienced investors. Conduct your own research or consult a financial advisor before trading. Past performance is not indicative of future results. Trade within your financial capacity.
PAEL ANALYSIS 3.0PAEL forms a bullish reversal Pattern
FALLING WEDGE with Bullish divergence on rsi and forms a new HH After break of LH .
buy at CMP and place sl at 23.50 with TP 1 AT 26.50 AND TP 2 AT 28
HALEON - 6Y LONG BEARISH CHANNEL BREAKOUT, TARGETING 529/HALEON has successfully broken out of a 6-year long bearish channel, now targeting 529.
The stock is likely to maintain its upward momentum, aiming to test the 2018 high of 529 in the near term. This strong breakout marks the end of a prolonged bearish trend that began in April 2018, indicating a potential shift in market sentiment.
Disclaimer: High-risk and low liquidity trades carry significant risks, including potential substantial losses. These calls are for experienced investors. Conduct your own research or consult a financial advisor before trading. Past performance is not indicative of future results. Trade within your financial capacity.
EMCO - ABANDONED BABY BULLISH, TARGETING 45/-
SLOW MOVER & LOW LIQUIDITY
EMCO has formed an abandoned baby bullish pattern, targeting 45.
It is likely to resume the uptrend, initially aiming for 45.00, followed by 56.00.
Immediate risk is defined below 26.00.
Disclaimer: High-risk and low liquidity trades carry significant risks, including potential substantial losses. These calls are for experienced investors. Conduct your own research or consult a financial advisor before trading. Past performance is not indicative of future results. Trade within your financial capacity.
Bearish divergence in MEBLA bearish divergence is observed in MEBL in a daily timeframe. There is a possibility that the current uptrend might reverse into a downtrend. If the last HL is broken and a new LH is formed, then taking a short position will be a good point.
FFBL ANALYSIS 2.0FFBL forms a Bullish Flag Pattern and the previous LH is break.
no divergence spotted ready for the targets 36.47 and 38.75
buy at CMP and PLACE SL AT 31.87.
FLYNG | Either BoS or CHoCH🚀 Stock Alert: FLYNG
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Range : 9.15-9.20
🎯 First Target : 9.55
🎯 Second Target : 10.10
⚠ Stop Loss: 8.70
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: On the 4 hour time frame, the price is making lower low after making a top of 10.13 which will act as resistance level of the price. Long position can be consider in a range of 9.15-9.20 with the stop loss if it breaks its previous low at 8.70. Initial target lies at 9.55 and second target around 10.10.
LOTCHEM | PSXLOTCHEM is sustaining its horizontal support and trend line support support, a pull back from this level can be expected. Moreover, RSI indicator also at over sold level. Long position can be taken around 18.20 with the stop loss at 16.75 ( just below previous low) for the target of 21.80 which is the resistance level.
Bearish divergence in PSOA bearish divergence is observed in PSO in a daily timeframe. The trend has reversed from bullish to bearish by breaking the last HL and forming the first LH. The bearish trend is expected to continue forming new LHs and LLs. If the bearish trend continues forming a new LH. then it will be a good point to take a short position as per the levels indicated on the chart.
Bearish divergence in MTLA bearish divergence is visible in MTL in a daily timeframe. There is a possibility that the current uptrend will reverse into a downtrend. If the current HL is broken, taking a short position with the indicated levels in the chart will be a good point.
EFERTWe can attempt to buy EFERT from specified level as 0.5 FIB level intact , also there is no bearish divergence at current levels indicate that it move upward .
SL , TP mention in chart.
DOL | PSX | Breakout is imminentDOL, chemical sector item is looking for breakout from its range of 4 month consolidation
- Support being tested multiple times at 21.3
- 4 month of consolidation of price from 19.5 to 21.3
- An upside potential till 24.2 is open for short term
- Increasing vol suggests breakout is on cards
PRL PSX Harmonic Pattern BullishPRL PSX Harmonic Pattern Bullish
Reversal Pattern detected for PRL with two targets and Stop loss
instant Entry
Sell InterloopBearish indicators (Strong)
1. RSI & MACD Divergence on weekly timeframe
2. Price is in uptrend but volume is declining.
3. Recently heavy selling pressure. (Tax)
4. BO of Rechtangle pattern will confirm trend reversal
5. Break of Rectangle and weekly support will active our setup.
Price Targets on the chart.
Bullish indicators (Weak)
1. RSI is trending upward.
2. Price Respected weekly support
Bearish Divergence in HIGHNOONA bearish divergence is observed in Highnoon Laboratories share in the daily timeframe. This could be a potentially good opportunity to take short positions.
MLCF | Parallel Channel🚀 Stock Alert: MLCF
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 38.50
🎯 Target Level : 42
⚠ Stop Loss: 36.20
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: The price is in an ascending parallel channel and making higher highs and higher lows with the closing at 38.09 in the last trading session. A pull back from the lower channel is observed for the target of 39.40 and upon break out it can test 41 level. Use stop loss at 37 if it break below of the channel.
ATRL Idea🚀 Stock Alert: ATRL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 First Range : 375-385
🎯 First Target : 391
🎯 Second Target : 400
🎯 Third Target : 409
⚠ Stop Loss: 365
⏳ Nature of Trade: Mid Term
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
AIRLINKPull back from the trend line is observed in AIRLINK. Initially it has potential to test 77 level and previous top lies around 83 which can be considered second target. Use stop loss if breaks trend line at 68.
Buy HCARIncreasing volume which shows buyers are in control.
Price breaking monthly channel with good volumes.
Retest will confirm the bullish move.
TP 1 = Rs 400
TP 2 = Rs 850
It's is a long term trade so be patient with it.
