LUCKY cement Lucky cement gave break out and started making a bullish trend as per the principles of Dow theory.It is making new higher highs and higher lows while sustaining a good upward movement.
PSX: INIL Outlook INIL about the complete the consolidation phase and breakout confirm will start from channel breakout by sustaining above 164 level then breakout with strong candle 172 level for further confirmation.
Entry : 172
TP1: 190
TP2: 208
TP3: 226
LOADS--- a Short Term Yet Powerful Trade Loads is offering a powerful Buy Set-up with following confluences:
1. Pirce has broken out range and re-tested it.
2. Re-test of Breakout range with healthy price action (Pin-Bar)
3. Surge in Volume after a bounce-off price from breakout zone.
4. MACD & RSI have generated a Buy Signal.
5. Rejection of Price at lower boundary of BB.
Target Prices are 19, 21 & 25.
DGKC Long positionI shared the graph earlier where DGKC achieved all my targets from 82 to 107.
Now it has retraced at a very good rate, getting a 30% to 40% gain.
Stop Loss is 89 and targets are 126 and 133.
Double Bottom formed around 164 - 165.
Double Bottom formed around 164 - 165.
Crossing & Sustaining 179 may lead it
towards 190 - 193.
For a Bullish Momentum, it needs to Cross
195 atleast.
Bearish Divergence has started appearing
Bearish Divergence has started appearing
on Bigger Tf.
Channel Top is also there.
Stay Cautious.
Sudden Spike can be witnessed till 1450 - 1500
but that would be a Risky Trade to take.
So Better to wait till the Bearish Divergence
plays & bring the price down & settle (may be)
around 1000 - 1050
SPEL-LONGAfter a long consolidation now the time is pull up towards new High in time purchase and hold with patience then take rewards is the key of success.
SazewWith rising rsi, increased expectations of good profits and clean break out from consolidation, sazew looks good for medium to long term
AGL SHORT TRADEAGL has completed its distribution phase of Wyckoff Cycle and has started its downtrend.
shortsell @ 64-62
TP 52
SL above 66
TRG LONGTERM ANALYSIS AND NEW ALL TIME HIGH COMINGTRG has been in Pullback since May 2021 when it posted its ATH of Rs 186.
It has reached 78% level of retracement and is rebounding from !M FVG(Fair Value Gap).
It is very much likely to start a long term bullish move after it crosses Rs74 level to make new high of Rs 230 In Sha Allah
IF YOU MISSED BNL- DON'T SKIP TREET BREAKOUTTREET was in long-term downtrend till June 2021, it gave breakout in June and it's Pullback continued from July 21 to Dec 2022. I has been long term accumulation phases A,B,C & D of Wyckkoff Method from Dec 2022 to Dec 2024. It has given breakout from this consolidation and has given a beautiful Spring on Pullback of phase D. Huge up move after Breakout with above average volume and candle after Rs 22.2
HASCOL LONG TRADEHASCOL has given breakout of previous channel ( blue ) and has now switched to new channel (yellow). It has completed 50% retracement of the breakout. I t is expected to rebound from current level or nearby FVG (Fair Value Gap) after going through spring/bear trap. It'll be a good buy only after some bullish confirmation. For now it is wait and watch strategy
HINO--- A High Probability BUY SwingTradePrice is currently at a High Probability Buy Zone with Target at 544 & 600. Confluences include:
1. BB-50 (Base line Retest and Rejection) on weekly TF.
2. RBS Zone overlapping with 61.80% to 78.6% Fib. zone.
3.Strong MACD Signal.
4. Surge in Volume on Daily TF at a key support area.
5. SL below 322
AGL -----Buy on the dip is coming up!Price is currently testing TL of daily TF for 3rd time.
There is possibility of fake breakout of this TL with price forming a pin-bar at TL on daily TF.
Once Price gets a bounce, a Buy around 56 to 60 with Target @ 76 is expecteed.
FFC- Deeper Retracement is Expected !Reasons for Deeper Retracements are :
1. 20, 50 & 200 SMAs are converging.
2. RSI on daily TF is below 30 which signifies Bearish Trend
3. Weaker Price Action at Recent Swing High is signalling Profit Taking activity is taking place.
Way Forward:
1. Observe Price Action once price tests 200 SMA and 78.6%% Fib. Level.
2.If a Bullish signal (Engulfing, Pin-Bar with surge in Volume) is observed, a good probability trade is on the cards.
No Bearish Divergence yet on Shorter TF.
No Bearish Divergence yet on Shorter TF.
Good Support is around 465 - 467.
However, Crossing 520 with Good Volumes
may lead it towards 600+
Even In worst case, it should not break 400.
Bullish on Monthly TF.
Bullish on Monthly TF.
17.71 is the Monthly Resistance.
Immediate Support is around 16.80 - 17
Breaking 15 will bring more pressure towards
is around 13.50
Upside Targets once 17.71 - 17.80 is Crossed,
can be around 22 - 23
Hidden Bullish Divergence on Weekly TF.Hidden Bullish Divergence on Weekly TF.
Crossing & Sustaining 44.20 may lead it
towards 55 initially & then towards 65 -70 -80
if there wont be any Bearish Divergence.
But if it closes below 30, more Selling Pressure
can be seen.
No Bearish Divergence on Monthly Tf.No Bearish Divergence on Monthly Tf.
But 39-40 is a Very Strong Resistance
that needs to Cross & Sustain with Good Volumes to
reach 45 - 46 & then 50+
We should not ignore that it has taken Support
from a Very Important Fib level around 32.40
Monthly Closing above 33.60 would be a Very Healthy sign.
So any dip towards 32.50 - 33.50 can be a Buying Opportunity.
However, it should not break 31.80 otherwise we
may witness further Selling Pressure towards 28.50 - 28.70
Play Wisely
Monthly Closing above 22.80 - 23 would
be a positive sign.
Note that there are few Resistances till
28 & the stock will start a Bullish Momentum once
it will Cross 28 with Good Volumes.
and if 21.70 breaks, we may find a Strong
Support around 20 - 20.10
Defined Resistance Zone465 - 502 is a Resistance Zone.
Those who are already holding it, should keep
the Stoploss of 339.
Fresh Entrants may wait for 502 to Cross & Sustain
targeting 545 - 550 & then 600 - 650.
Monthly Closing MattersCurrently at a Good Support. Monthly Closing
above 10.85 would be a Positive Sign.
However, 11.25 is also a Double Top.
So, in my view, let it Cross & Sustain 11.25
for further Upside towards 12.50 - 13 initially.
Morning Star Formation on Bigger Tf.Morning Star Formation on Bigger Tf.
14.35 - 14.75 is a Very Important Support level.
However, 15.80 - 15.90 is a Very Strong Resistance
as of now.
If this level is Crossed & Sustained with Good Volumes,
we may witness 17.50 - 18 & then around 19.
