Get started
PTC - PSX - Technical AnalysisPTC is in a sharp bull run. On Daily TF, after making a CUP& HANDLE pattern it is going upwards towards TP-1. Since there is no sign of divergence on RSI, therefore, instant buy can be initiated. On reaching TP-1 one must see the RSI indicator for any retracement sign, if no such sign present then continue riding the trend. On other hand on retracement, a new Buy can be initiated. Already defined Higher Low will be the Stop Loss. Trade Call Buy-1 (Mkt): 24.57 TP1: 26.52 SL : 18.82 Buy-2: 22.94 TP: 32.48 SL: 18.82
PSX:PTCLong
by Golden_Spur
HUBC -PSX - Technical AnalysisHUBC on Daily TF is going bullish. RSI momentum indicates a steady rise and hence prices are going up. KVO also is suggesting that trend is going upwards but still the real Bull run has not begin. Weekly channel has been drawn. Once, this weekly channel is broken upwards then the real bull run will kick-in. Therefore, sensible trade plan will be to now (Buy-1) and then exist (TP-1) at upper weekly resistance line. Then if the price breaks the resistance, buy again (Buy-2). Butterfly Harmonic pattern has also been drawn which if respected by the price, then the weekly upper resistance line will not be broken. In that case price will drop to point C where a new buy can be initiated (BUY-3). LONG (Buy) Call Buy-1 : 118.20 SL 1: 102 TP-1: 137.00 Buy-2 : 140 SL 2 : 135 TP-2: 165.00 BUY-3: 103 SL 3: 93 TP-3: 165
PSX:HUBCLong
by Golden_Spur
GHNI offering over 30% gains from these levelsthe stock is continuing its uptrend and after making Cup and handle formation, successfully broke out the handle, if it posted daily closing above 444, the stock is likely to test its cup and handle projection of 590 which is a good return of ~32% with a SL of 360, as per trade plan, entry should be made at 444, with TP1 of Rs. 528 and TP2 of 612, however, as per Cup and Handle projections, one can close the trade around 590 levels.
PSX:GHNILong
by Trader-Roze