ENGRO - PSX - Technical Analysis - AB=CDENGRO is a sharp bull run.
It has broken previous All Time High and still going up.
KVO is suggesting a strong bull run, but RSI is about at 80 level.
Price may take a dip but then will go up again to test the TP defined by using AB=CD pattern.
TP-2 has been calculated using Fib Ext tool.
Trade Values
Entry (Mkt): 407.54
TP-1: 453
TP-2: 506
Stop Loss: 358
LOADS offering ~18% gain from these levelsThe stock has completed its 50% retraction after making reversal from the bearish cycle. Currently in its uptrend. The stock is ready to make another 18-20% upside.
It has recently tested its previous high of 15.02 which can also be considered as the breakout of last HH
The daily closing if sustained above 15.02 level then the stock is open for another 15-17% gains with Target price of Rs. 17.59 with a stop loss of 12.45
AIRLINK | Bullish Pennant PatternAIRLINK printed a bullish pennant pattern with no sign of divergence. A bullish trend continuation is expected, entry is suggested at 130-134 with the stop loss below previous lower high level at 113. Previous top of 151.83 considered as TP1 and after the break out it can leads towards the completion of pennant pattern, the price can projected towards 90.
Al Gazi (AGTL PSX)-BuyAGTL is making HH and HL. After making recent HH, it retraces to Fib 50% level and formed bullish flag formation. Today it gave breakout of bullish flag formation which shows that bulls are again taking charge from bears. Bullish flag projection will be target price.
Further fundamentally, it is very solid company, one may hold it for longer time frame also
SMCPL is ready to flySMCPL is ready to fly to 32
25.33 is breakout level
Note: This is not a buy
or sell call, Use stop loss
in your trade.
Fectc is ready to flyFectc is ready to fly
Currently it is near and could
breakout level of 108.76 to go to
its next destiny of 139.7 and 166
Note:
This is not a buy/sell call
Use stop loss whenever trade.
Netsol is ready to flyNetsol is ready to fly to 200+
169.8 is breakout level
Stop loss as per your risk
management.
Note: This is not a buy/sell call
SSGC - PSX - Technical Analysis - Fib and AB=CDSSGC is in bull run since 23 Oct 2024.
KVO is suggesting a very strong buying with high volumes.
RSI Indicator is almost at 82, indicating a very strong control of Buyers. Previous data analysis also suggest that RSI touched 93 level before prices went into retracement. Therefore, still there is some room for prices to go further up before retracement begins.
Historically, a resistance zone is present between 41.50 to 43.61. Therefore, a retrace is very much possible after testing TP-1.
Hence, drawn AB=CD pattern is also in confluence with this analysis for arriving to the TP-1.
ATH (All Time High) of 54.78 is TP-2 and even beyond is possible in this bull run. SSGC is expected to be staying in Bull run till end Feb, but will depend on Dec quarterly report as well.
Trade Values
Buy (Mkt) : 35.89
TP-1: 41.58
TP-2: 54.78
TPLP PSX Trade PlanTPLP
Divergence
Buy when trend line breaks,
Stop loss and profit levels defined.
Fundamentally a weak stock,
Technicals will play according to this trade plan
ILP potential Buy setupReasons for bullish bias:
- Price formed double bottoms at strong support level
- Overall, a bullish trend on daily
- Bullish divergence
Here are the recommended trading levels:
Buy 1(CMP): 71.7
Buy 2: 67.2
Stop Loss Level: Closing below 61
Take Profit Level 1: 78
Take Profit Level 2: 85
Long SHEZLonged SHEZ. Bought spot shares. Entry, Stop Loss and Exit all there. Broken out of the trend line and RSI divergence is there too. Worth a punt!
Will update in due time.
Manage your risk! #DYOR
DGKC potential Buy setupReasons for bullish bias:
- Price gave a bullish closing above the weekly support level
- Price bounced from fib golden pocket
- Price gave downward trendline breakout
- AB = CD pattern can be seen, if price give resistance (also TP1) breakout, then next target can be considered at point D(approx. 105)
- Overall a bullish trend on daily
- Bullish divergence
Here are the recommended trading levels:
Buy 1: 87.03 (CMP)
Buy 2: 81.5
Stop Loss Level: 72.04
Take Profit Level 1: 96.5
Take Profit Level 2: Open
Happy Trading
Long HUBCI would have bought 104.21 as its a monthly OB. But I was late so I will wait now for it to come back to an other OB below at 86.53 if it comes. I will wait for it then long at my price. No rush. Entry, SL and Exit all there. Manage your risk! #DYOR
I will update if it ever comes and fill my price. Will wait and see. Remember all my trades are spot no leverage. I buy shares and keep it.
OGDC : AB=CD PatternOGDC: An ABCD pattern on the daily chart suggests a potential bullish move toward Point D if the price sustains and closes above Point B daily. Stop loss is at Point C.
