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HALEON PAKISTAN LTDHALEON PAKISTAN LTDHALEON PAKISTAN LTD

HALEON PAKISTAN LTD

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HALEON trade ideas

HALEON PSX - LONG (Buy) Trade Call - Daily TFTechnical Analysis: On Daily TF, price is well above EMA 89 and just above EMA 21. It indicates bull run and ideal time for Buy entry. Parallel channel has also been drawn and price has taken a support from lower line of channel as well. It may not slip any further and may go upwards from here onwards. HOWEVER, Klinger Oscillator, on the other hand, has dipped below Zero level and in nosedive position. Moreover, RSI indicator shows a bearish divergence formed on Wednesday (2 days ago) - indicating a likely trend reversal after which a dip in price is seen. Scenario 1: Therefore, if price goes up beyond 615 on 28-10-2024 at 10:00 ~ 10:15 am, one may buy. Scenario 2: On the other hand, if price goes downwards then it is likely to test Fib retracement till Fib 0.68 level. One must take entry then. Fib Extension tool defines the TPs as mentioned below:- Buy Trade Call Scenario 1: Entry (BUY): 615 SL: 585 TP1: 778 TP2: 834 TP3: 915 Buy Trade Call Scenario 2: Entry: 518 with Stop Loss value at Risk of 2%. TP1 :650. Remaining TPs can be kept similar.
PSX:HALEON
by Golden_Spur
HALEON - 6Y LONG BEARISH CHANNEL BREAKOUT, TARGETING 529/HALEON has successfully broken out of a 6-year long bearish channel, now targeting 529. The stock is likely to maintain its upward momentum, aiming to test the 2018 high of 529 in the near term. This strong breakout marks the end of a prolonged bearish trend that began in April 2018, indicating a potential shift in market sentiment. Disclaimer: High-risk and low liquidity trades carry significant risks, including potential substantial losses. These calls are for experienced investors. Conduct your own research or consult a financial advisor before trading. Past performance is not indicative of future results. Trade within your financial capacity.
PSX:HALEONLong
by tradeflowadvisors
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