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MARI PETROLEUM COMPANY LTDMARI PETROLEUM COMPANY LTDMARI PETROLEUM COMPANY LTD

MARI PETROLEUM COMPANY LTD

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MARI trade ideas

MARI Technical Analysis: Potential Buy Opportunity MARI presents a compelling buy setup. The stock is in a confirmed uptrend, recently bouncing off a key trendline within the crucial 0.618-0.78 Fibonacci retracement zone, a key area of support. A bullish inverted hammer candlestick, followed by another positive candle, formed at this level, suggesting renewed upward momentum. The RSI confirms this bullish sentiment, aligning with the price action. Recommended entry points are at the current market price (583) and a secondary level at 484.16. A stop-loss below 378 on a closing basis is recommended for risk management. Target profit levels are 716, 880, and an open target for potential further gains. Happy trading!
PSX:MARILong
by TradeWithParas
MARI will not give upMari is giving a good opportunity to ride at current retracement phase. Currently it is at 23% Fibb Level where i made a good hammer candlestick with nice volumes on daily chart. 1st Buy Reason: Great Management, Nice Fundamentals. Trading at Accummulative Level. 2nd Buy Reason: Wanted to Buy many shares on 1st Buy. But Couln't did at that time. Invested again when money came in. 3rd Buy Reason (Will do on Friday Dt 24-01-2025: I always buy good stocks if it goes down -9% within a week. Trading at 23% of Fibb Retracement Signalling a good hammer + volume increase. 4th potential Buy: Around 464 Level 5th potential Buy: Around 360 Level
PSX:MARILong
by hameedops
MARI - PSX - Trading in Sideways Trend for 20% gainMARI is moving between 660 to 740 over the past one month or so. KVO is dipping which suggests a further dip in price. RSI is also dipping much below Zero level. Therefore, I'm eager to see it test 610 level once more. However, this is No 1 Stock of PSX and may attract Buyers at any time. Therefore, I'll buy in steps to make sure I have the stocks at lower rates. Trade Values Buy-1: 660 Buy-2: 640 Buy-3: 620 Buy-4: 610 TP-1: 708 TP-2: 720 TP-3: 735 SL: 600 Buy-5: 760 (Once price moves above this parallel channel sufficiently) SL-5: 745
PSX:MARILong
by Golden_Spur
2
Week 2 Candle Stick Pattern Idea 1: MARI MARI offers traders compelling opportunities following distinct candlestick patterns, indicating potential bullish movements in the near term. Trade Plan: Entry Point 1: Candlestick Pattern: Bullish Hammer Entry Point: 1,588.7, following the formation of the bullish hammer candlestick pattern. This entry signifies a bullish reversal from the previous downward trend. Stop Loss: Positioned at 1,540, serving as a protective measure against adverse price movements. Take Profit (TP1): Targeted at 2,500, reflecting the initial profit-taking level with the potential for significant upside momentum. Entry Point 2: Candlestick Pattern: Tweezer Bottom Entry Point: Identified at 2,202, subsequent to the formation of the tweezer bottom candlestick pattern. This entry suggests a confirmation of bullish sentiment, indicating a potential reversal from the recent downtrend. Take Profit (TP2): 2,622, representing a higher profit target in anticipation of extended bullish movement following the tweezer bottom formation.
PSX:MARILong
by nilambano3