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K-ELECTRIC LTD

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KEL trade ideas

KEL | Death CrossTechnical Analysis of KEL (K-Electric Limited) Shares Current Price Behavior and Key Indicators: Establishing Pattern of Death Cross: KEL shares are currently exhibiting a technical pattern known as a "death cross," which occurs when the 50-day Simple Moving Average (SMA) crosses below the 200-day SMA. This pattern is often interpreted as a bearish signal, suggesting that a downtrend may be in place or could be developing. Resistance Level: The stock is facing significant resistance around the 4.45 level. This price point has proven challenging for the stock to surpass, indicating a potential barrier for upward momentum. If KEL fails to break through this resistance, the bearish outlook may continue to gain strength. Support Level: Major support is identified around the 4.00 level. This price point has historically provided a floor for the stock’s price, where buying interest tends to emerge. A break below this support could signal further declines and might lead to testing lower levels. Trading Below 200-Day Simple Moving Average: KEL shares are currently trading below their 200-day SMA, a key long-term trend indicator. When a stock trades below this moving average, it typically suggests a prevailing downtrend and indicates that market sentiment is negative. Overall Sentiment: Given the establishment of a death cross pattern, resistance at 4.45, major support around 4.00, and trading below the 200-day SMA, the overall technical outlook for KEL shares is bearish. Investors should be cautious and consider these indicators when making trading decisions.
PSX:KEL
by mbaberhanif
KEL🚀 Stock Alert: KEL 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Buying Range: 4.70-4.80 🎯 First Target: 5.40 🎯 Second Target: 6 ⚠ Stop Loss: 4.25 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: NO 📰 Technical View: The price is rejecting after making a top of 5.41 and currently near to its support level that lies around 4.80-4.70 from where pull back is expected. Upon confirmation long position can be consider for the target of 5.40 and upon break and sustain it can trigger towards 6 rupees. Use stop loss at 4.25 to manage risk.
PSX:KELLong
by mbaberhanif
KEL🚀 Stock Alert: KEL 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Level: 4.50 🎯 First Target: 5 🎯 Second Target: 5.50 ⚠ Stop Loss: 4 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: NO 📰 Technical View: The price action pull back from its trend line and currently trading in a consolidation phase. Upon break out price can test its initial resistance around 5 and upon breaching secondary resistance lies around 5.50. Use stop loss at 4.50 if it breaks downward to manage risk.
PSX:KELLong
by mbaberhanif
KEL Inverted Head & Shoulder PatternIt is advisable to consider the formation of an inverted head and shoulders pattern, suggesting a potential trading opportunity. A suggested entry point would be at the right shoulder, indicated at 4.50. Following the breakout above the neckline, resistance is anticipated at 5.80, presenting a potential gain of 30% post-accumulation. It is noteworthy that a significant supply zone is identified at 6.30. Thank you for reading. If you boost, I know you enjoyed the content and I can continue to publish more. Feel free to follow. Thanks a lot for your support. Assalam O Alikum.
PSX:KELLong
by mbaberhanif