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HINOPAK MOTORS LTDHINOPAK MOTORS LTDHINOPAK MOTORS LTD

HINOPAK MOTORS LTD

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HINO trade ideas

HINO - PSX - Technical Analysis - CRAB Harmonic PatternHINO is in bull run since 26 Nov 2024. On daily TF, RSI does not show any sign of divergence and KVO is almost vertical suggesting a strong bull run. However, RSI is almost at 85 and at any time trend may retrace to define a proper Higher High. Resistance Zone 481~530 is critical. Then another resistance line at 700 is present. On weekly time frame, Crab Harmonic pattern has been drawn, which if respected by price then we will see a very substantial return at TP-4 in 15 months time. Trade Values Buy-1 (Mkt): 435 TP-1: 481 (people will sell to book profit around 465) Buy 2 : 425 (on retracement) TP-2: 481~ 530 (people will sell at a bit higher values than TP-1) TP-3: 700 (A small retracement is possible due to profit booking) TP4: 1630 (For Swing Trading) Stop Loss: 277 (Kindly modify Stop Loss, as TP-2 is hit to make breakeven for Swing trading).
PSX:HINOLong
by Golden_Spur
PSX: HINO Mark the Cherry to pick it laterHINO, a security from Auto sector, defined the bottom a year ago since than it is trying to let itself loose to gravitate towords north. Its first attempt in the last quarter of year 2023 could not sustain yet it gave the bulls hope to muster their power again. Albeit it has not crossed the previous high but the weekly closings suggest that it may retrace to the Fib. levels of 0.5 & 0.618 i.e. Rs. 288, 275, respectively and these prices could be used as smart entry points. If price brake low the Stop Loss than we may get out of position. For TP the resistance level has been used on the chart, which are Rs.348 & 399.99 Wishing you a profitable trading.
PSX:HINOLong
by usufgul