MUGHAL trade ideas
LONG MUGHALLonged MUGHAL. Bought spot shares, no leverage. Resting above weekly support, broken down trend. Entry, Stop Loss and Exit all there. Will take a while to play out. Patience is always rewarded. Worth a punt!
Will update in due time.
Manage your risk! #DYOR
MUGHAL - PSX - Technical Analysis - Cup & Handle PatternOn daily TF, after making the cup and handle pattern, now the price is moving in upward direction.
Buying at CMP (to gain more profit) and after breaking of neck line (technically better entry) is recommended.
Trade Values
Buy-1: 87.39 (CMP)
Buy-2: 100.42 (On breaking of neck line)
TP-1: 160.86
TP-2: 222.65
SL: 75.23
Potential Buying Zone (Daily)This might be a potential buying zone (small chunk) for the following reasons:
1. Target of H&S completed.
2. Weekly support.
3. EMA 144 - 200.
Note: I'm a learner and I'm reusing my learned tools after a very long time. Let me know if I can improve or if you have any suggestions.
Make it or Break it...72.10 is Important to Sustain on weekly basis
to move towards upside.
& 77 is a Strong Resistance level.
On the flip side, 65 - 66 is a Strong Support area
that should be respected.
MUGHAL, Double Bottom with Bullish DivergenceTrendline Retest
Double Bottom Formation
Bullish Divergence
Bullish Moment Expected
Strict Stoploss @ 75
Initial Target 100
MUGHAL has generated bullish signalMUGHAL is showing bullish sign near trend line, after correction it is looking attractive for buying at current levels.
Mughal Long positionCup and handle formation. All the targets are mentioned on the charts. Long term target is PKR 145.
Mughal - PSX- Bullish Bat PatternIn daily time frame a bullish Bat pattern is forming in Mughal Steel, a buy trade can be taken at current price of 78 - 80, stoploss below 74 ,
MUGHAL | Bullish Symmetrical PatternAfter completing bullish symmetrical triangle pattern, MUGHAL retraces 38.2%, Possible pull back is expected towards previous top of 100 (target) with the stop loss just below precious support around 80.
Bearish DivergencesShould wait for an Entry near
75 - 77. Stoploss in this case
should be 74 on Closing basis.
MUGHAL | Parallel ChannelMUGHAL is at break out level with bullish momentum. If it breaks and sustains above 82 then the completion of parallel channel occurs at 88. Exercise caution and monitor closely.
MUGHALWe can attempt to buy MUGHAL from specified level as it gives breakout of yellow box , also trading in bullish rectangle pattern (continuation pattern) , also there is no bearish divergence at current levels.
SL , TP mention in chart
MUGHAL iron & STEEL #Pakistan Stock ExchangeTrend seems positive and if It hold candle above 75 Rupees , then we can see it may go to 110 Rupees.
Trend seems quit positive.
MUGHAL is forming AB=CD harmonic pattern in 1week time frameMUGHAL is forming AB=CD harmonic pattern in 1week time frame
MUGHALMUGHAL Buy from specified levels (trendline support , 0.5 FIB intact)
SL , TP mention in chart
MUGHAL is BullishPrice has broken previous lower high and bulls seem to be in control of the price action. A higher low is defined earlier which will be followed by a higher high, which according to Dow theory marks the beginning of a bullish rally. Targets are mentioned on the chart.
MUGHAL🚀 Stock Alert: MUGHAL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 61.50 - 62.50
🎯 First Targets : 65
🎯 Second Targets : 67.50
⚠ Stop Loss: 59.50
⏳ Nature of Trade: Scalping
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: MUGHAL is presently undergoing testing of its 200-day moving average (DMA) and is approaching its channel trendline support level near 62. Vigilance and close monitoring are advised; a failure to sustain this level may precipitate further downside movement. Conversely, in the event of a pullback, initial and secondary resistance are situated around 65 and 67.50, respectively.
MUGHALMUGHAL Buy at HL (also 0.5 FIB , trendline support intact )
Buy 1 at 63.91
Buy 2 at 52.17
SL 45.17
TP 74.97
RR 1.32
PSX - MUGHAL OutlookMUGHAL is picking momentum after the retracement and heading to break the last Higher High. entry is commended upon the breakout of last HH value with volume.
Entry:75.50
StopLoss:61
TP1:91
TP2:104.50
MUGHAL has formed a Bull FlagMUGHAL:PSX is in uptrend on W and D timeframes. It has formed Bull Flag on both timeframes being a continuation pattern; the RSI doesn't show any unplayed divergence. SL has been placed on last swing low i.e 50% fib retracement. Entry point is placed slightly early to take actual benefit of the move. TP is also marked in GREEN.
MUGHAL is BullishMUGHAL is in a strong up-trend and is printing new higher highs followed by higher lows. The trending phase of the stock is expected to continue in the future. Targets are mentioned on the chart.
