Double Bottom formed around 164 - 165.
Double Bottom formed around 164 - 165.
Crossing & Sustaining 179 may lead it
towards 190 - 193.
For a Bullish Momentum, it needs to Cross
195 atleast.
PPL trade ideas
Positive Monthly Closing is ImportantMonthly Closing above 191.10 will trigger more
positivity.
It may touch 200 - 210 initially.
Morning Star Formation Expected on Monthly tf,
and may target 215 - 216
Trading Strategy; PPL (PSX) showing Bullish Reversal The PPL chart in PSX on daily time frame showing a bullish reversal Gartley Pattern.
The analysis has shown the entry point, stop loss and TP1 and TP2 levels for investors and traders working in PSX.(PAKISTAN)
Pakistan Petroleum Limited. Trade PlanPpl has formed a falling wedge pattern. It has a given a breakout and also retested it.
Bullish on Monthly and Weekly timeframes.
PPL Stock Analysis - *Price Range:* PPL stock is expected to move between 188-180.
- *Buying Opportunity:* Any weakness in the stock price may provide a buying opportunity.
- *Breakout Level:* If the stock closes above 188, it may trigger a bullish movement.
- *Target Levels:*
- Initial target: 198
- Final target: 213
- *Stop Loss:* Below 178
PPL Retracement to Key Fibonacci SupportPPL surged to around 217 before retracing to 171, completing a significant pullback. It is now trading at the 0.618 Fibonacci level, a strong buying zone, indicating potential bullish momentum ahead.
PPL BULLS TODAY!!Market has reached to a conclusive state of downtrend, possibly reaching till 164pkr.
But for daytraders an opportunity awaits for a short term buy till 177 ( only if the entry is right )
other factors include rsi oversold and weak but stubborn support.
Bullish Momentum in the makingPSX:PPL Pakistan Petroleum Limited is in consolidation mode for almost a month now.
Technically it made a flag which where the prices are moving within the cloth.
We now need volumes and a candlestick bullish signal on daily timeframe to take our position around 180 area.
BTW I am not taking this position because I already took my position.
Important Support Level..Bearish Divergence on Daily TF.
Continuous Closings above a Very
Strong Support Level; but with Doji Candles.
Fresh Entry will be Risky here but with a
Stoploss of 163 on Closing basis.
If 162 - 163 is Sustained, we may witness 198 - 200.
PPL 27 Nov 2024 Bullish and Bearish ZonesBullish zone is above 147
Bearish zone is below 140.5
Note: This is not a buy/sell call. Use stop loss whenever trade.
PPL is in uptrend PPL is bullish,price has taken a correction and current levels are attractive for buying .
PPLSymmetrical Triangle Breakout
Price did not manage to break its horizontal resistance
Rejection from resistance appeared
Inverted Hammer Formation
Divergence appeared
Closing above resistance will indicated further bullishness
Buy after candle closing above resistance
Target 200
PPL.PSX - Short Sell CallOn Daily TF Trend is overall Bearish. By looking at RSI indicator it is evident that Bears are in control here. Price is likely to test 103.5 support level and by the look and Volume of candles it is giving an impression as if price is likely to break the support level of 103.5 and will test 94.5 level. And even can go further down and test third support level at 72.00 .
To draw confluence, also seeing the historical data, after every Earning and Dividend the price dips, therefore, on 16 Oct and 29 Oct, 2024 price will dip. Also oil prices also going down and therefore PPL is also going down.
Hence, in December it would become a Buying Option at around Rs 72.
One can Short Sell once price drops to 102.50.
Disclaimer: This is not a financial advice, take your trades as per your own analysis and dynamics.
PPL is currently changing its trend , possibility of upward movement from this zone
long entry is recommended
PPL - BULLISHPPL was bearish trend on 15MIN chart,
after printing divergence there's a possibility of good gains from this zone
long entry is recommended
PPL | Parallel Channel FormationThe price action is following in a parallel channel. Lower channel range lies around 117.50 from where a possible pull back can be expected. For swing trading setup, long position can be consider on the test of lower parallel channel with the stop loss at 115 and possible target for long term can be expected around 130. On the other hand, the price is making higher highs and higher lows within the channel, so scalping trade can be possible with entry around 120 for the target of 125 and 128.
Swing Setup:
Entry: 117.50
Target: 130
SL: 115
Scalping Setup:
Entry: 120.50
TP1: 125
TP2: 128
SL: 119
PPL Analysis 2.0🚨 Trade Alert: PPL Bearish Harmonic & Flag Pattern 🚨
We have identified a bearish setup in PPL, marked by the following patterns:
Bearish Harmonic Pattern 🐻
Bearish Flag Pattern 🚩
Technical Indicators:
No divergence is present, confirming the bearish outlook. Additionally, PPL is printing Lower Highs (LH) and Lower Lows (LL).
Entry Point:
Place a sell stop at 117.00.
Target Price (TP):
TP: 112.00 📉
Stop Loss (SL):
Place your stop loss at 121.88 to manage risk.
Trade Summary:
Sell Stop: At 117.00
TP: 112.00
SL: 121.88
Trade Type: Short Swing 📉
Good Luck! 🍀
Stay informed and trade smart! 📊
PPL🚀 Stock Alert: PPL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 115 - 116
🎯 Targets : 127
⚠ Stop Loss: 107
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
📰 Technical View: An apparent deviation from the upward trend line is noticeable on the chart. Additionally, the formation of a head and shoulders pattern may occur if the price reaches 127 and displays a rejection at that level. A potential trading opportunity arises within the range of 115-116, aiming for a target of 127 corresponding to the right shoulder of the pattern. To manage risk, it is recommended to set a stop loss just below the neckline break, approximately around 107.
PPL | Rising Oil PricesBreak out from the trend line is observed in PPL, two step buying is recommended in this stock. Can be consider at current price around 113 and at the retest of the lower trend line around 107. Following are the resistance levels:
R1: 120.90
R2: 127.80
R3: 137.90
Use stop loss if breaks previous low of 103.60.
PPLWe can attempt to buy PPL from specified level as 0.5 FIB intact , also there is no bearish divergence occur at current levels.
SL , TP mention in chart.
