HH HL on bigger Tf but now..HH HL on bigger Tf but now
Bearish Divergence appearing also.
50 is the Resistance for now.
Those who are already holding it should
keep their stoploss at 40 (in extreme case).
PAEL trade ideas
#Pael is above green sky (strong bullish zone)Hcar is now above green sky (Strong bullish zone). It is expected to cross 50 and 60 level.
Note: This is not a buy or sell call, trade at your own will. Use stop loss as per your strategy.
Weekly Closing not Good but..Weekly Closing not Good but
the Stock is Still Bullish on Bigger
Time Frames.
Price dropped with Low Volumes.
Weekly Important Support seems to
be around 42.50 - 44.10
49-50 is an Important Resistance as
of now.
PAEL | Flag PatternThe stock displays a bullish flag pattern on strong volume, trading confidently above both the 20 and 200-day EMAs, suggesting robust upward momentum. Previous session shows a break out of the flag and price closed +3% above it. Initial resistance lies around 46 which is the formation of double top pattern from where short term rejection can be seen. However, a decisive break above the resistance level will confirm the continuation of the bullish trend and flag projection lies around 55.
Still BullishRetested the Previous Breakout Level
around 37 - 38.
Immediate Support is around 46 - 46.50 now.
Monthly Closing above 48.20 would be
very healthy sign; targeting around 55.
& then around 60.
PAEL - THE BEST SETUPPAEL has always been my favorite stock as it plays very well on price action and technical.
Right now the trending accumulation has ended and its time for a move.
if we take the simple and basic previous demand copy. It gives the target of 60 which everyone is expecting. but there might be some trick played to take out the retails. so be careful around 55 and 59 level you might see the trend slowdown in short term due to divergence on RSI.
right now if you want to accumulate more wait for the intraday retest levels around 46 to 44.
I HAVE ALREADY ENTERED THIS SETUP AROUND 43.
THE TAKE PROFIT IS 55 AND THEN 58 TO 59 ACCORDINGLY.
BULLISH FLAG PATTERN FOR THE PAEL LOVERS The script of PAEL looks in a good shape and forming bullish flag pattern. The price has triggered the breakout and now it seems it will touch the Rs. 60 mark soon.
The share is also fundamentally very strong and in the favorable time of the year to ride the trend.
Earnings, Trendlines, & Cyclic Momentum: PAEL at a Turning PointPre :
PAEL has shown strong financial growth, with Q1 2024 net profit surging 1,090% YoY to PKR 444.9 million, driven by eased import restrictions and market stability. For the nine months ending September 2024, profit after tax rose 97% YoY to PKR 1.863 billion, supported by a 35% revenue increase due to higher sales volumes and price adjustments.
Post :
the stock is trading in rising wedge pattern with support levels at PKR 43.58 and 40.50 and RSI indicates near overbought levels, potential short-term volatility. Main future outlook depends on government upcoming energy policies, increasing home solar systems market demand will intact,
Key on eyes upon 46-levels breaks above levels rally towards 54-58 PKR, aligning with the projected 15-20% gain.
Bullish on All Time Frames.Bullish on All Time Frames.
Breakout above 46.50.
Already re-tested the Previous Breakout
around 38.
Immediate Support is around 42.50 - 44
Immediate Targets can be around 49 - 50
However, It has the potential to touch 59 - 60.
It should not Break 40 now.
PAEL formed bullish flag patternpael has submitted breakout on daily time frame formed bullish flag pattern which indicates bullish momentum, buying is recommended at current levels.
PAEL - PSX - Daily - Technical AnalysisPAEL is in sideways zone. It has established a support zone at Fib 38.20% by bouncing twice from there. Another dip is quite possible. Resistance zone is quite large and it is expected that it may take a month to break across it.
Therefore, Buy on dip will be the way to go.
Trade Values
Buy-1: 38.11
SL: 36.80
TP-1: 43.49
Buy-2: 46.61
SL-2: 43.20
TP-2: 57.10
TP-3: 59.24
PAEL-LONGStrong momentum can be start soon according to bullish peanut formation capable stock to buy it at that price and hold it upto target.
Pael target It is try to find 5th Eliot waves target with trend Fibonacci extension tool
This is not a buy or sell call
PAEL Long positionReasons for long position
Monthly EMA 200 breakout
First time Lower High broken on weekly chart
Profitability continuously improving from the last 5 quarters
These are initial targets, not the final ones.
TP1: 44
TP2: 56
SL1: 36
SL2: 29
PAEL can double your savings within 2-3 yearsThe stock after 5 years of making its historical high has finally broke out its last LH which is 37.6.
If the Dec'24 closing of the stock is above 37.6, then it can give you 2.5-3x returns i.e. triple your earnings within next 2-3 years.
TP1 is 40% above the current price, TP2 is approximately 53% higher than the current price
TP3 will provide you over 100% returns and this can be achieved within 1 year.
This trade is for Investors who can hold the investments for atleast 2-3 years.
Still BullishAs stated in last analysis (on 03-12-2024)
that it can easily touch 35-36, and it did.
Now it should retrace till 32.50 - 32.80 &
then move upside towards 40 - 42 & even
47.
However, if 36.60 - 37 is Crosses & Sustained,
we may witness 45 - 47 soon. Inshaa ALLAH
PSX - PAELPAEL has broke accumulation box and cureently testing .38 level on retracement
Trade Plan:
Entry: CMP - 33.42
TP1: 36.75
TP2: 39.9
SL: 29
PAEL LongEnter once breakout is confirmed, which is strong closing above the highlighted area.
Target is Rs 34.5 - 36
Strongly BullishSideways Channel Breakout.
Channel Top is around 33 - 35
Bullish Pennant Pattern Target is
around 40 - 42.
It should not break 23.50; else we
may witness trend reversal.
PAEL | Need confirmation for bullish reversal!PAEL shows a rising trendline (black), which indicates a long-term support level. The price is currently testing this trendline, and the 50-day moving average (green) is slightly above the price, suggesting short-term weakness. The 200-day moving average (red) is far below, showing the longer-term trend is still upward. The stock closed at 24.42, down 4.24%, with significant volume (13.47M). A stop-loss is placed near 22.50, while a potential target is around 27, indicating a cautious bullish outlook if support holds.
PAEL - PSX - Buy Trade CallPAEL Analysis
EMA 89 support line is tested by the price, and it even went down but very next day moved up. RSI indicator also suggest that trend is gaining momentum to uptrend.
Trade Value:
Buy 1: 25.25
Buy 2: 24.75
TP: 27.30
