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FABL DAILYScrip is Bullish on HTF i.e. Weekly and Monthly and LTF as well BUT it is Bearish on DTF, H4 and M15 Time Frames due to the following reasons: - Candles are engulfed in the cloud Formation of a RED cloud ahead, though it is not very dense Base Line is ABOVE Conversion Line. Lagging Span has also pierced the candles and if the scrip remains in the consolidation / rangebound state, may inevitably pierce the cloud as well. BB was slanting downwards, which has recently changed its angle to horizontal. Daily RSI Value 53.43 ADX 14.56 +DI is ABOVE -DI, BUT with meager margin The +ve point is that the Conversion Line has changed its angle and started to move Up, which if it continued will result in its crossing with the Base Line and pave way for the scrip's upward movement.
PSX:FABL
by DawoodKK
NBP | Bullish StanceNBP is in a strong uptrend, making higher highs and higher lows. It recently broke resistance at Rs. 55 and is trading at Rs. 61.73. The previous resistance at Rs. 55 is expected to act as support. This level could be a good entry point for a long position in a swing trade. The next major resistance is around Rs. 72. If the stock breaks and sustains above this level, it could be a target for further gains. Set a stop loss at the previous swing low of Rs. 45 to manage downside risk.
PSX:NBPLong
by mbaberhanif
COLG upward movement & ResistanceGood movement observed in Scrip which crossed the Conversion Line towards upside and very near to the Base Line & EMA 44 and then subsequently also Intersected with the Base Line and EMA 44 Level. Need to sustain this Resistance Level for further upside move. Some Resistance was expected from this level i.e. Base Line and the EMA 44 Price Level. Next strong Resistance zone to be confronted is the Kumo itself and the marked Grey zone, which are also overlapping.
PSX:COLG
by DawoodKK
PAELAt the end of the trading session, PAEL closed at 24.23 and currently trading around 25. The daily chart show rejection over the last few sessions, and shows a recovering after the fake break out of the parallel channel. Moreover, the price exactly testing 200-day simple moving average and hovering above it. Which indicates a bullish reversal in its price. The RSI is around 45, below the neutral mark, but it shows no divergence from the price, indicating consistent momentum. The MACD being bearish and below its signal line. In the near term, the price seems to touch middle line of the parallel channel around 28 and in the long term the price can pull towards the upper level of the parallel channel around 32. It is recommended to use stop loss just below 200-day SMA at 22.50 to manage risk effectively.
PSX:PAELLong
by mbaberhanif
KEL | Death CrossTechnical Analysis of KEL (K-Electric Limited) Shares Current Price Behavior and Key Indicators: Establishing Pattern of Death Cross: KEL shares are currently exhibiting a technical pattern known as a "death cross," which occurs when the 50-day Simple Moving Average (SMA) crosses below the 200-day SMA. This pattern is often interpreted as a bearish signal, suggesting that a downtrend may be in place or could be developing. Resistance Level: The stock is facing significant resistance around the 4.45 level. This price point has proven challenging for the stock to surpass, indicating a potential barrier for upward momentum. If KEL fails to break through this resistance, the bearish outlook may continue to gain strength. Support Level: Major support is identified around the 4.00 level. This price point has historically provided a floor for the stock’s price, where buying interest tends to emerge. A break below this support could signal further declines and might lead to testing lower levels. Trading Below 200-Day Simple Moving Average: KEL shares are currently trading below their 200-day SMA, a key long-term trend indicator. When a stock trades below this moving average, it typically suggests a prevailing downtrend and indicates that market sentiment is negative. Overall Sentiment: Given the establishment of a death cross pattern, resistance at 4.45, major support around 4.00, and trading below the 200-day SMA, the overall technical outlook for KEL shares is bearish. Investors should be cautious and consider these indicators when making trading decisions.
PSX:KEL
by mbaberhanif