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GCIL | Swing Trade Setup!!!GCIL's current price action indicates a favorable technical setup. Key observations include: Uptrend indication: The stock price is trading above the 200-day EMA, suggesting an overall uptrend. Fibonacci retracement: A fake breakout was observed on April 3rd, which coincided with a 61.8% retracement level from the low of 8.82 (October 4th, 2024) to the high of 23.50 (March 3rd, 2025). The stock has since appreciated by 9.10%. MACD crossover: The MACD indicator is exhibiting a bullish crossover from its bottom, signaling a potential reversal and strengthening of the uptrend. Trading Strategy Based on the technical analysis, a long position can be considered at the support level of 16.16. To manage risk, a strict stop-loss is recommended at 14.40. Potential targets for the trade are: Target 1: 17.89, representing a 10.71% upside Target 2: 20, representing a 23.76% upside
PSX:GCILLong
by mbaberhanif
SNGP | GRAVESTONE DOJIThe daily chart of SNGP shows a strong bullish trend that recently pushed the stock to new highs, but a potential reversal signal has emerged. A Gravestone Doji has formed near the top, a bearish candlestick pattern that suggests buyer exhaustion and possible trend reversal. This is particularly significant as it occurs after a strong upward rally and near a resistance level. Volume remains notable, signaling high market activity around this level. If the price begins to decline, the key support zone between 115.50 and 118 could act as a cushion for a potential bounce. A break below the support zone may confirm a corrective move.
PSX:SNGPShort
by mbaberhanif
UNITY | Parallel Channel On Weekly Time FrameThe price is moving in a parallel on the daily timeframe, indicating a potential massive bullish rally. Showed a pull back from 200-day EMA and currently 4% up. We anticipate a 45% bullish wave in the coming days. Trading Strategy - Entry: Consider long positions at 27.50 - Stop-loss: Set at 23.93, just below the support level - Risk-reward ratio: 1:3.5 - Swing Trade Target Level: 40 Trading Reminder - Assess your risk and calculate potential losses before entering any trade. - Trade wisely and only enter positions that align with your strategy and risk tolerance. - Stay calm and avoid impulsive decisions driven by FOMO. Trading is a long-term journey.
PSX:UNITYLong
by mbaberhanif
HUB POWER CO LTD (PSX: HUBC LONG IDEATargets: 160.59 PKR — This is the first key resistance level and a clear target, where the price might face selling pressure. 195.91 PKR — Major upper target or longer-term resistance zone, if the momentum continues. 💪 Supports: 95.33 PKR — Strong historical support, price has bounced from this level before. Around 135-138 PKR — This area, marked by the blue trendline, is acting as dynamic support as the price respects the upward trend. 📊 RSI Insight: RSI is at 62.38, which is heading toward the overbought zone but still has room for upside. Watch for an RSI break above 70 for overbought or below 50 for potential weakness. The chart shows a bullish breakout above minor resistance, approaching 147 PKR now. If it sustains above this, 160.59 looks like the next pit stop.
PSX:HUBCLong
by dove8141