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SAZEW | Bearish Flag PatternThis chart is for Sazgar Engineering Works Limited (SAZEW) on the Pakistan Stock Exchange (PSX). Here’s a breakdown of the analysis: Bearish Flag Pattern: The chart highlights a "Bearish Flag Pattern." This pattern is typically a continuation pattern seen in a downtrend, where the price consolidates before continuing its downward move. It suggests potential weakness in the stock price. Support Level at 860 PKR: There is a significant support level marked at 860 PKR. If the stock price breaks through this level, it could trigger further declines. Support levels are key price points where demand could potentially increase, preventing further drops. Price Action: The price is currently around 965 PKR (as of the chart date), and the stock has been in a slight downtrend. The bearish flag indicates that after a small consolidation, a drop could happen, possibly to test the support at 860 PKR. Possible Rebound: The chart suggests a potential rebound from the support level. If the price successfully tests and holds at 860 PKR, a recovery might occur, as indicated by the upward curve. However, if the stock breaks below the support, it could signal a bearish continuation. Overall Outlook: Short-term trend: Bearish, as suggested by the flag pattern. Critical level: The 860 PKR support level. A break below it could lead to further declines, while holding it could signal a potential reversal or bounce.
PSX:SAZEWShort
by mbaberhanif
CPHL | Cup & Handle PatternCPHL is currently forming a cup and handle pattern, with the cup already completed. The stock is expected to experience a pullback as it forms the handle, with the neckline situated around Rs. 35.67. Initial support for the handle is anticipated in the range of Rs. 31.70 to Rs. 31, where a long position can be considered. A break above the neckline could encounter intermediate resistance around Rs. 40, while the pattern's projection target is approximately Rs. 49.70.
PSX:CPHL
by mbaberhanif
7
PTC - PSX - Technical AnalysisPTC - Analysis Since June 2024 price is moving in sideways channel. Presently, on Daily TF, price has crossed Bollinger Band's upper band line. Therefore, price is likely to come down. Remember the central line of BB acts as a magnet and price always tries to catch up with it. On RSI 70 value indicates that bullish momentum is ON without any divergence. Therefore, price may test 14.00. But for going into bull run price must cross 15 which was previous Lower High. Therefore, buying should not be carried out till its price touches 15.
PSX:PTC
by Golden_Spur
1
NBPNBP - Buy Call Stock Summary : In the latest trading session, NBP closed at PkR60.02. The daily chart shows that the stock holds above both minor and major moving averages, supported by an upward trend. Parabolic SAR is positioned below the current stock price, indicating a positive stance. The RSI is at 63.61 suggesting strength as it remains above the neutral level. Recommendation : Initiate buying positions on weakness or near the support zone and set stop losses below PkR57.51 to manage risk effectively. Initial target is at 61.27 and secondary target is at 62.53.
PSX:NBPLong
by mbaberhanif
Breakout Opportunity: DNCC Approaching Key ResistanceThe weekly chart of Dandot Cement (DNCC) shows a recent 19.55% surge, closing at PKR 13.15. The stock is approaching resistance levels at PKR 15.70 (R1), PKR 16.25 (R2), and PKR 18.23 (R3), with a descending trendline acting as overhead resistance. A breakout above R1 could push the price higher toward R2 and R3. The support zone around PKR 6.00 indicates strong buyer interest, making it a good risk-reward setup. A long position could be considered above R1 (15.70), with a stop loss near PKR 11.
PSX:DNCCLong
by mbaberhanif
AIRLINK - PSX Long (Buy) Trade CallAB=CD pattern has been drawn which suggest that it should reach 200 mark by 2 Dec 2024. On RSI there is no divergence therefore bull run will continue after small correction. 151.82 is previous all-time high, which is critical area. Buy now and till price retraces, if retraces, till 139 is very good opportunity. Stop Loss for SWING traders is 120. However, for day traders 134 S/L is suggested. Buy LONG Trade Call values:- Buy 1 (instant) : 144.34 Buy 2: 142.50 Buy 3: 139.50 TP1 : 180 TP2: 199 SL: 134 SL (SWING TRADERS) : 120
PSX:AIRLINKLong
by Golden_Spur
PSX : AVNTo predict the potential length of the third downtrend for Avanceon Ltd. (AVN), we can analyze the previous two downtrends and look for a pattern. Here’s a breakdown: -First downtrend lasted 46 bars (69 days) -Second downtrend lasted 48 bars (73 days) Both downtrends are similar in length, with a slight increase between the first and second. If we follow this pattern of slight growth in downtrend duration, we can estimate based on historical patterns, it’s reasonable to predict that the third downtrend could last approximately 74 to 78 days.
PSX:AVNLong
by ZaiwajTrader
EPCL🚀 Stock Alert: EPCL 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Level: 43.30 🎯 Target Level: 45.50 ⚠ Stop Loss: 42.20 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: YES 📰 Technical View: The current price movement is evaluating a support level, coinciding with the observation of a Doji candlestick pattern, traditionally interpreted as indicative of a potential reversal in market direction. Furthermore, the Relative Strength Index indicates an oversold condition. Consequently, a strategic assessment suggests contemplating a long position entry point at the resistance level of 45.50.
PSX:EPCLLong
by mbaberhanif
2
IMAGE - PSX - Buy Call Fundamentally it is looking strong but in End June 2024 it gave negative earnings (loss). Therefore, it went downhill. However, recent inside buying of 2 Mil shares by its director suggest upcoming big earnings which are evident from quarterly report. Technically, it has dropped below parallel channel. Now after bouncing from a strong support level, it is making a triangle pattern. If price breakout upwards from here, then we will see a very sharp up trend lasting for 2 to 3 weeks. If it bounces of the even lower support (as there is no bullish RSI divergence seen yet) then it will take some more time to reach TPs. Therefore, it is expected to give 35% gain in 6 weeks. My Trade Values: Buy 1 (Instant) : 13.20 , Buy 2: 12.60 , Buy 3: 11.60 Stop Loss: 11.28 TP1: 15.60 , TP2:16.90 , TP3: 18.00
PSX:IMAGELong
by Golden_Spur