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HONDA ATLAS CARS (PAKISTAN) LTDHONDA ATLAS CARS (PAKISTAN) LTDHONDA ATLAS CARS (PAKISTAN) LTD

HONDA ATLAS CARS (PAKISTAN) LTD

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HCAR trade ideas

Buy HCARHCAR after completing its Elliott Wave cycle in December 2023 has gone into complex correction. First phase of correction completed with type ABC Irregular Failure following all rules both price and time-wise. Now it is forming its second phase of correction with contracting triangle. It has fulfilled its criteria for formation of e-wave. It can start its trending move any time at the levels 289-278. However, there are also chances that e-wave may go further into formation of another small triangle. In that case, this small triangle will be formed without affecting price level to the down-side. It is matter of time only that HCAR may start its upward move towards 417. BUY @ cmp is recommended.
PSX:HCAR
by kashif493
HCAR - LongThe auto sector as a whole has seen movement, but HCAR has yet to perform, primarily due to the lack of new product launches, making it less competitive against peers. However, sales for the January–March quarter have shown a significant increase , which is expected to reflect positively in profitability. From a technical perspective, the stock needs to close above 312 with a strong green candle to gain momentum. All target levels are marked on the chart. Please conduct your own research before making any investment decisions.
PSX:HCARLong
by Fahim-ahmed
HCAR | Expected 100 Rupee Gain!Take a look at what we have here! I believe we can all agree that this chart is quite intriguing. HCAR is showing bullish momentum after an uptrend making higher highs and higher lows pattern. The price is currently retesting for establishing its low. A possible pullback might be expected in its price action. We’re likely to see a new bullish wave towards 400 level which is almost 33% gain but I believe there’s potential for significantly more growth in the months ahead. Thank you so much for your continued support. Let’s ride this bullish wave together!
PSX:HCARLong
by mbaberhanif
KSE 100 - HCAR - long or short?HCAR is currently in a strong bullish trend, with no signs of a reversal yet. The price is still showing upward momentum, and the trend remains intact. At the current level, it presents a good buying opportunity. Entry: Buy at the current price level. Stop Loss: Set at 263 to manage risk. Take Profit: Target 398, with potential further movement towards 400, where the AB=CD pattern completes and aligns with a key resistance level. The AB=CD pattern completion at 400 suggests that this area may act as resistance, so it’s critical to watch price action closely as it approaches this level. However, the overall trend is still bullish, and as long as the price remains above the 263 support level, the upward momentum should continue.
PSX:HCARLong
by Khaleejtajir
HCAR (Weekly)Upon analyzing HCAR on a weekly time frame, it is observed that the price has been establishing a pattern of higher highs and higher lows. Additionally, the moving average lines have recently crossed over, suggesting a bullish momentum in the market. Presently, the price has formed a higher low at 274 and retraced subsequent to establishing this support level. A prudent strategy would be to consider placing a stop loss below this support level, approximately around 270, to manage risk in the event of a break. Key resistance levels are identified at 344 (R1), 375 (R2), and 400 (R3). These levels may act as barriers to further upward movement in the price of HCAR.
PSX:HCARLong
by mbaberhanif
1
HCAR🚀 Stock Alert: HCAR 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Buying Range : 320-330 🎯 First Target : 344 🎯 Second Target : 388 ⚠ Stop Loss: 288 ⏳ Nature of Trade: Mid Term 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: NO 📰 Technical View: The price action is currently pulling back after the break out from its previous resistance now acting as support around 289 and currently trading around 325. Long position can be consider for the target of 344 where double top formation will made and upon surpassing next target will be around 388. Use stop loss below 288 if the support breaks.
PSX:HCARLong
by mbaberhanif