FABL, Bullish Flag, Entry at Retracement Bullish Flag
Breakout of Bullish Flag
currently Retracing at 38% fib
Buy in parts at current price and 48-49 level
Stoploss below 43
Target is 73
Next report date
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Report period
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EPS estimate
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Revenue estimate
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18.64PKR
20.25 BPKR
202.41 BPKR
478.55 M
About FAYSAL BANK LTD
Sector
Industry
CEO
Yousaf Hussain
Website
Headquarters
Karachi
Founded
1994
ISIN
PK0070501017
FIGI
BBG000GMZF38
Faysal Bank Ltd. is a holding company, which engages in commercial, retail, and corporate banking activities. It operates through the following segments: Retail Banking, Corporate and Investment Banking, Treasury and Equity Capital Market (ECM), Special Asset Management (SAM), and Others. The Retail Banking segment provides services to small borrowers. The Corporate and Investment Banking segment offers working capital financing, trade financing, cash management services, project finance, export finance, leasing, guarantees, bills of exchange, deposits, and other short term and long term finance. The ECM segment includes fixed income, equity, foreign exchanges, funding, own position securities, lending, and repos. The SAM refers to the recoveries from borrowers' accounts which became delinquent. The Others segment covers the other banking-related activities. The company was founded on October 3, 1994 and is headquartered in Karachi, Pakistan.
FABL 1D PSX : AB=CD PatternFABL : ABCD pattern is spotted on daily chart depicting a bullish movement after confirmation level. Good financial results and 50% payout ratio may be key tools for value realization.
FABL DAILYScrip is Bullish on HTF i.e. Weekly and Monthly and LTF as well BUT it is Bearish on DTF, H4 and M15 Time Frames due to the following reasons: -
Candles are engulfed in the cloud
Formation of a RED cloud ahead, though it is not very dense
Base Line is ABOVE Conversion Line.
Lagging Span has also
Faysal Bank Limited (FABL) Chart AnalysisPattern Identification
The pattern visible on the FABL chart appears to be an Ascending Triangle pattern rather than a Rising Wedge. Ascending triangles are typically bullish continuation patterns.
Key Features
Ascending Triangle:
The upper trendline is horizontal, indicating a strong resistance l
FABL (ANALYSIS)
🚩 Market Update 📈
FABL Analysis:
Technical Pattern: FABL has formed a bullish flag pattern with a target of 47.
Indicators:
RSI: Showing a bearish divergence.
Daily Channel Top: Closing with high volumes.
Trade Recommendation:
Neutral Stance: I suggest staying neutral for now.
Trade Option: If
FABLAS it FABL showing by both macd, RSI and Bollinger brand buy signal and also last monetary policy rate is also fixed and it not coming low this year if it then it will be few basis point
Faysal Bank ( Bullish Trend towards Bearish Trend )FABL , ( Dow Theory )
( Bullish Trend towards Bearish Trend )
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Frequently Asked Questions
The current price of FABL is 50.00 PKR — it has decreased by −1.42% in the past 24 hours. Watch FAYSAL BANK LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on PSX exchange FAYSAL BANK LTD stocks are traded under the ticker FABL.
FABL stock has fallen by −1.96% compared to the previous week, the month change is a 11.14% rise, over the last year FAYSAL BANK LTD has showed a 102.43% increase.
FABL reached its all-time high on Jul 5, 2024 with the price of 58.10 PKR, and its all-time low was 3.40 PKR and was reached on Apr 18, 2013. View more price dynamics on FABL chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
FABL stock is 2.79% volatile and has beta coefficient of 1.02. Track FAYSAL BANK LTD stock price on the chart and check out the list of the most volatile stocks — is FAYSAL BANK LTD there?
Today FAYSAL BANK LTD has the market capitalization of 76.98 B, it has increased by 0.68% over the last week.
Yes, you can track FAYSAL BANK LTD financials in yearly and quarterly reports right on TradingView.
FAYSAL BANK LTD is going to release the next earnings report on Feb 19, 2025. Keep track of upcoming events with our Earnings Calendar.
FABL net income for the last quarter is 6.79 B PKR, while the quarter before that showed 6.95 B PKR of net income which accounts for −2.39% change. Track more FAYSAL BANK LTD financial stats to get the full picture.
FAYSAL BANK LTD dividend yield was 12.28% in 2023, and payout ratio reached 29.98%. The year before the numbers were 27.10% and 92.89% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 2, 2024, the company has 8.79 K employees. See our rating of the largest employees — is FAYSAL BANK LTD on this list?
Like other stocks, FABL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade FAYSAL BANK LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So FAYSAL BANK LTD technincal analysis shows the neutral today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating FAYSAL BANK LTD stock shows the buy signal. See more of FAYSAL BANK LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.