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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
PSX:SSGCLong
by Golden_Spur
1
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
PSX:DGKCLong
by TradeWithParas
HUBC is poised to make recovery and enter into bullish trendThe stock has recently broke its previous HH at 114 with heavy volumes and now poised to make another HH Instant entry can be made here with SL of Rs. 103, with first TP of 127 and second TP of 140. Offering ~18% potential gains from these levels. The stock has also made symmetrical triangle and broke out recently which further confirms its reversal pattern, however, the final projection of the symmetrical triangle would be Rs. 133. Based on symmetrical pattern, the stock is still offering roughly about ~13%
PSX:HUBCLong
by Trader-Roze
GAL READY TO TOUCH ITS PREVIOUS HH OF 360+Currently the stock has completed its retracement till 0.786 level on FIB, daily closing above 274 will post another capital gain of 9-10%, Initial TP is 300 with SL @ 216.5, TP2 as per the risk reward ratio of 1:1 is 331.5 and TP2 with RR of 1:2 of 389 rupees potentially offering 43% gain. The stock as per ABCD pattern exposing the initial target of 300, giving daily closing above 300 will further open the horizon of 330 onwards. Trailing stoploss levels could be applied to maximize the gain, if an entry is made at 274
PSX:GALLong
by Trader-Roze
HTL - PSX - Daily TF - Buy Trade CallA textbook Reverse Head & Shoulder pattern has been made by the price candles on Daily time Frame. Neck line of H&S is about to be broken. Once it does so and there is no sign of reversing by making Double Top formation then Buy call is in Order. Klinger Volume Indicator is above zero level and is facing upward almost vertically, indicating a sharp bull run. RSI indicator also close to 70 line, indicating that bulls are in control. Trade Values BUY : 43.50 SL: 32.36 (Just below previous HL) TP: 51.70 TP2: 58.57
PSX:HTLLong
by Golden_Spur