TCORP is BullishPrice was in a strong bearish trend, also respecting the descending trendline, however the bullish divergence led to the break of previous lower high and the trendline, indicating the control of bulls on price action. If the bullish trend continues then we can expect further highs as per Dow theory. Targets are mentioned on the chart.
Good Set up for I am not interested in Buying due to overvaluedGood setup... But i am not gonna buy it here. My buy sentiment is around its monthly support around 550
how it will happen?
let's dua for negative fundamentals which is expected soon. Let's see on 6 October.
A weekly close below the trialngle will lead to my Zone for buy.
A weekly close above the trialngle (if fundamentals are positive) will move it further bullish.
2025 for Sazgar (My Own Sentiment)2025 may be a Cyclical year for stock selection. Fundamentals are very strong.
as an investor the buying should be as soon as now. Then stick to the technicals and buy more at February End or if the price goes down around 905 .
another buy position will be between 660 - 513 .
It can reach till 1700 - 2000 level at the end of year 2025 ( subject to controlled interest rates ).
MARI Technical Analysis: Potential Buy Opportunity MARI presents a compelling buy setup. The stock is in a confirmed uptrend, recently bouncing off a key trendline within the crucial 0.618-0.78 Fibonacci retracement zone, a key area of support. A bullish inverted hammer candlestick, followed by another positive candle, formed at this level, suggesting renewed upward momentum. The RSI confirms this bullish sentiment, aligning with the price action. Recommended entry points are at the current market price (583) and a secondary level at 484.16. A stop-loss below 378 on a closing basis is recommended for risk management. Target profit levels are 716, 880, and an open target for potential further gains. Happy trading!
Though Bearish Divergence is appearing on Weekly Tf; butThough Bearish Divergence is appearing on Weekly Tf;
but no Bearish Candle yet & crossing 425, it may hit 445 - 450.
However, Friday's Closing is Important.
It may retrace up to 358 - 370 & a Good Bounce
is then expected. That may be considered a
Good Buying Opportunity.
& if 355 is Broken, we may witness 290 - 295.
FFC AT ATTRACTIVE LEVELS WITH SUPERB RESULTSThe FFC script is looking at attractive levels trading between the Swing High and Low ... and bouncing from the FIB level.... the financial results declared on 29th January, 2025 is also suggesting a good growth of the firm .....
what are your views ????
PPL BULLS TODAY!!Market has reached to a conclusive state of downtrend, possibly reaching till 164pkr.
But for daytraders an opportunity awaits for a short term buy till 177 ( only if the entry is right )
other factors include rsi oversold and weak but stubborn support.
LONG EPCLLonged EPCL. Bought spot shares, no leverage. Resting above monthly support. Entry, Stop Loss and Exit all there. If it claims back above 40, it should be the new support and it should run then imo. Will take a while to play out. Patience is always rewarded. Worth a punt!
Will update in due time.
Manage your risk! #DYOR
No Bearish Divergence yet on Bigger TF, but..No Bearish Divergence yet on Bigger TF.
Strong Support around 36 - 37 which is
being respected.
Immediate Support seems to be around
38.30 - 38.50
Immediate Resistance is around 45 - 46
& then around 56 - 57.
Crossing & Sustaining 57 may lead it towards
New Highs.
32% gains on Next Capital TradeThe stock has recently broke out the consolidation zone and now making new HHs and HLs.
Instant Entry can be taken with TP1 in mind of Rs. 11.02 and TP2 of 13.02
Stop Loss can be placed below the recent HL which is 7.02 to make RR 1:1 and 1: 2
Thatta Cement offering 15% gain By Placing Stop loss @ 186, one can enter the trade at current price of Rs. 200 with first TP of 214 and second TP 228
FFCFFC Bounced back from 434
and by accumulating reached to 398 and is ready to go its targe of 434 in February 2025 insha Allah.
Its financial results expected 1X to 1.5X results.
So Strong BUY
Glaxo PakistanGlaxo is bullish on weekly chart and forming bull flag. Break above and weekly closing above 425 level will open it for next target of 730-745.
SGF - LONG Price Action & Indicators:
Current Price: PKR 98.20 (-0.38, -0.39%)
Moving Averages:
MA (21): PKR 96.29
MA (200): PKR 76.50
The short-term moving average (21) is above the long-term moving average (200), indicating an uptrend.
Volume: 83.7K
Pattern Analysis:
The price seems to be forming a bullish consolidation pattern, with clear indications of higher lows and resistance levels being tested.
The LuxAlgo Master Pattern Indicator outlines potential price movement scenarios:
If price breaks the consolidation zone, there is an upward target of approximately PKR 131.25.
A short-term pullback to retest support around PKR 90.00 is possible before an upward move.
RSI Divergence:
RSI Value: 58.08 (neutral-to-bullish zone).
Multiple RSI divergence signals marked with "Bear" and "Bull" labels:
Bullish divergences in mid-2023 and late-2024 signaled prior uptrends.
Bearish divergences appeared during corrections, notably in July 2023 and October 2024.
Current RSI momentum suggests potential for further upward movement, as it is not overbought.
Support and Resistance Levels:
Key Support Zones:
PKR 90.00 (recent consolidation support).
PKR 76.50 (200-day MA).
Resistance Levels:
PKR 100.00 (psychological and horizontal resistance).
PKR 131.25 (projected upward target).
Conclusion:
The chart indicates a bullish outlook, with consolidation providing a base for a potential breakout toward PKR 131.25. However, traders should monitor the RSI, volume trends, and critical support levels around PKR 90.00 for potential pullbacks before an upward move.
PSO OPERTUNITIESKey Observations:
Price Levels and Support/Resistance:
Current Price: The price is currently at 379.01 PKR.
Support Levels:
Major support is visible at 375.42 PKR, marked in blue.
Below that, there’s another potential zone near 372 PKR.
Resistance Levels:
Key resistance appears around 382.77 PKR.
Another significant resistance lies at 389.67 PKR, with the next level at 403.95 PKR.
Moving Averages:
The chart features two moving averages:
Green (Longer-term MA, possibly 200-period): Indicates a downward trend as the price is below this moving average.
Orange (Shorter-term MA, possibly 21-period): This MA shows a more reactive trend but is currently sloping downward, suggesting short-term bearishness.
Indicators and Tools:
LuxAlgo Patterns: The chart includes LuxAlgo's supply and demand zones:
A highlighted demand zone (red shaded region) suggests buyers' interest around 372 PKR.
The supply zone above 389 PKR shows selling pressure in that region.
Volume: Increasing volume spikes during drops indicate selling pressure.
Overall Trend:
The price has been in a downtrend, indicated by lower highs and lower lows.
However, recent price action near support levels shows potential consolidation.
OGDC - PSX - Buy Trade CallOGDC has been sideways after making a HH and even broke its regression channel. It has now made a bullish hidden divergence on RSI.
Although KVO is still down but it is anticipated to gain momentum due to good news coming up from OGDC management.
Trade Values:
Buy-1: 214 (Current Market Price)
Buy-2: 209.00 ~ 209.50 (on dip)
Buy-3: 237 (Technically a correct entry for those who wants to wait to establish bull run.)
SL: 189
TP-1: 235.35
TP-2: 255.38
TP-3: 270.21
Retraced upto Golden PocketRetraced upto Golden Pocket of Recent
Bullish Rally which is actually a Healthy
Correction.
Now, it should take Support from 23 - 23.10
& touch 25 - 25.50 initially.
To Start its Bullish Momentum again, it needs
to break 27.50 atleast.
660 - 665 is a Strong Resistance for now.660 - 665 is a Strong Resistance for now.
Monthly Closing above 660 is Required with
Good Volumes for its Further Upside move.
If this level is Sustained, we may witness 750 - 770
& then ABCD Pattern will be in play if 775 is
Crossed & Sustained with Good Volumes, targeting
around 1000+
On the flip side, 590 is an Important Level that
should not break on Monthly basis.
