KOHCKOHC Analysis
look like as Cup and handle formation
short target 410,420
need to break 440-445 cup nick line
KOHC trade ideas
KOHC- PSX - Technical AnalysisKOHC - price moving in downwards parallel channel. It is at 4H support now and may bounce out of channel to test 450 resistance zone.
Otherwise, it may still go further down the parallel channel and bounce from 320~330 zone. RSI is indicating a further slip in price however, KVO suggest that price will stay static and may go either side. Therefore, if price drops below 360 then one must exit. And if planning to buy then better to buy on dip at 320~330.
And even better buying will be once the price crosses 460 after breaking the resistance zone of 440~450.
KOHC - Buy Trade Call - 4H - KOHC is in sideways for quite some days. A symmetrical triangle pattern has been formed which can lead prices to either side. Additionally, a H&S pattern is also in the making. If that happens then it will give a better entry price at lower prices. Confluence can be drawn by noting that RSI is around 60 mark and heading downwards very slowly. Moreover, Klinger is also suggesting a Bear run at the moment. Bull run will begun once blue oscillator line crosses the green trigger line.
Since over all PSX is doing good and cement sector is also in bull run, therefore, for sure this SCRIPT will eventually go further up.
My Trade Values :-
Scenario 1 Entry BUY : 450.38 (once Head line is broken. Then it will get into parallel channel to continue bull run.
SL: 370
TP: 540
Scenario 2 Entry BUY : 371.74 (Once right shoulder is completely traced down at neck level.
SL: 319
TP: 540
KOHC potential Buy setupHere are the recommended trading levels:
Buy 1(CMP): 366.9
Buy 2: 334
Stop Loss Level: Closing below 277
Take Profit Level 1: 423.63
Take Profit Level 2: Open
Reasons for bullish bias:
- Fundamentally a very strong company
- Price is at a good fib zone
- Overall a bullish trend
- Price synched with RSI
KOHC, Megaphone breakout with Bullish Channel-Megaphone pattern breakout
-now trading in bullish channel
-Almost touched the channel top
-retracement expected
-buy around 350-360 level
-A good 38% - 50% of fib retracement point
with megaphone breakout confirmation
-Stoploss is bottom of channel
KOHC is BullishPrice is in a strong uptrend, consistently printing higher highs and higher lows. Since there is no divergence yet on the daily time frame, hence more upside movement is expected as per Dow theory. Currently, the price is trying to define a higher low, which could potentially be at 0.382 of the fib retracement level and is also a support in form of higher low. Further, targets are mentioned on the chart.
KOHC Monthly BullishKOHC is bullish on monthly time trade, according to parallel channel its resistance lies around 280-285. Keep an eye on its price!
KOHC PSXPrice is in an uptrend marking HH HL as having potential to upside no divergence found.
Plz do manage your risk
