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FAUJI CEMENT CO.LTDFF

FAUJI CEMENT CO.LTD

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FCCL trade ideas

FCCL - PSX - Technical AnalysisFauji Cement Co Ltd (FCCL) share price is almost at Daily Channel Support Level. Technically, price may bounce from this support. However, a SHARK Harmonic pattern has been drawn (93% compliant) which if followed will drop the prices significantly. KVO is dipping below zero level indicating a Bear run; additionally RSI is also dipping which supports the dropping of prices. Until and unless some fundamental element or good news kicks in price should go till Buy-2 level. In case price drops below 29 then price will free fall till 29.27. Trade Values Buy-1: 34.07 Buy-2: 33.87 SL: 29.27 TP-1: 40 TP-2:47
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by Golden_Spur
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FCCL - PSX - Buy Trade CallFundamentally, FCCL is progressing steadily. Its recent quarterly report ending Dec 2024 is a little bit better than previous quarter ending Sep 2024. Similarly, as compared to previous year same quarter, its revenue has almost jumped 25% (from 20B Dec 2023 to 25B 2024). Historically, Quarter ending March shows some lesser revenue due to bit lesser sales during winter season whose impact is depicted in March. Therefore, it should not be a big surprise if earnings drop in quarter ending Mar 2025. However, share price might take a minor correction before moving up. This is potentially a very good SCRIPT whose share price may be doubled in next 10 months by end Dec 2025. Therefore, it can be kept as an Investment stock. Technically analyzing the script, we see that it is moving upwards in a regression channel. Also Daily Support line has always been honored by the SCRIPT since going into bull run in Aug 2024. Price is well above EMA 89 suggesting continuation of bull run. Presently the price is above EMA 21 and since it is likely to act as a magnet, therefore, price should drop a little to test this line (BUY-1). Additionally, potential Cypher Harmonic pattern has been drawn, which if complied then price can even test that zone too (BUY-2). There is no divergence on RSI and RSI still has some room to get into potential reversal zone. However, volumes are a bit low. KVO indicator is dipping on trigger line below Zero level also suggest minor dipping in price is expected to test Buy-2 level. Trade Values Buy-1: 40.66 Buy-2: 38.74 SL: 36.02 TP-1: 49 TP-2:59
PLong
by Golden_Spur
FCCL : Will It Retrace Before the Next Rally?On previous Call 4th mar 2025 , Stock met his target . Now next Short-term traders may wait for a retracement to 40-41 PKR before entering long positions. The stock is moving within an ascending channel, with price action respecting both the support and resistance trendlines. The price is currently near the upper resistance of this channel,Around 45-PKR, where price is struggling to break higher. suggesting a potential correction before another move higher.
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by jahanzaibM
FCCL - PSX - Analysis on 02 Oct 2024FCCL - Daily TF Currently trend is in uptrend. AB=CD harmonic pattern has been drawn which indicates that PRZ is close, and price may reverse after testing Rs 27.70 to Rs 28.45 zone values. Hidden Bullish Divergence has already caused a pump in the price. RSI indicator also suggests that momentum is highly bullish and is going to put market in oversold condition shortly. Historically it retraced to 0.618 level. Therefore, once again it is expected to retrace back to 0.618 level which expectedly will be Rs 22.80 . Trade Values: One can buy on dip around 25.50 with TP at 27.50. Then Either take SHORT (Sell) trade on reversal or wait till traces back to Rs 22 and then again buy it.
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by Golden_Spur