PPL trade ideas
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.
PPL (Intraday/Short Swing).PPl is bullish as it is making HH, and HL.
concerning channel PPl enters daily Uptrend channel.
short 2hrs channel PPl took support from the bottom and now trading somewhere in the mid.
If crosses and sustains 115.5 then buy and place sl below 114.
sell at 117-118.
Chart 4- PPL Bearish trend continues Pakistan Petroleum bearish trend continues since first week of March 2024.
PPL -BearishPPL is showing downwards trend, making Lower Highs and Lower Lows , printing bearish candlesticks which indicates a bearish trend.
PPL is BullishPPL is currently bullish as it has printed a higher high and would soon define a higher low before moving to new highs. Targets are mentioned on the chart.
Possible short tradeI am expecting for stocks to fall after a certain rise. Mostly due to economic situation. It might rise a bit about 106.56 but you can short it from there and aim for 2:1 profit risk ratio. Let see how it unfolds.
Beauty of the market is uncertainty!!!
If 106 is Not Sustained, we may witness 93 - 94Buy1 around 106 - 106.70 | Sell around 110 - 112
Buy2 around 93 - 94 | Sell around 99 - 100
Stoploss 90 (Closing basis)
PPLPlan1
Buy1 around 119 - 121 | Sell around 125 - 127
Buy2 around 110 - 111 | Sell around 115 - 117
Stoploss 106 (closing basis)
Plan2
Buy Above 132
Sell around 136 - 138
Stoploss 126 (closing basis)
PPL is BullishPPL is currently in a trending phase as per Dow theory and printing higher highs followed by higher lows. The bullish rally is expected to continue, suggested entry price is based on the pull back to 0.382 fib retracement level of the recent swing high. Targets are mentioned on the chart.
PPL BIG BOY READY FOR ANOTHER LEAP FORWARD PPL is a prominent Pakistani company engaged in Oil and Gas sector.
Last year in similar days it hit the lowest low from there it has been gaining the momentum and price hike. A few days back it hit the high of 87 afterwards it came down to the region of 80s, all these movements has formed the flag which is the continuation pattern so we expect the price to go further up.
The current trend line which has been limiting the price movement upward has been crossed once. We expect next time it shall be crossed successfully. If it happens the targets has been marked on the chart.
Blue line target is for our short term traders
The other targets are for swing traders.
