PSO trade ideas
Favoring BullsNegative Point: Bearish Divergence on Daily TF
Bullish Points:
Morning Star Formation on Daily TF.
Bullish on All Time Frames
Sustaining above Strong Resistance area (218 - 219);
this may act as Support now.
Immediate Resistance area : 249 - 260
Immediate Support area : 217 - 221
We may witness 290+ if 270 - 275 is Crossed
PSX:PSO ABCD Pattern CompleteABCD Pattern Complete
Divergence on RSI
Can retrace reached PRZ
Can retrace to 216-222 Range on Fib
PSO | Cup&Handle PatternThe chart depicts the stock price movement of Pakistan State Oil (PSO) Ltd on a daily timeframe. It shows the formation of a cup-and-handle pattern, a bullish reversal pattern. The "cup" part indicates a gradual downtrend followed by a recovery, and the "handle" suggests a brief consolidation. The price is currently in the handle formation, and the key levels to watch are the target points (TP1: 170.90, TP2: 177.50, and TP3: 185) based on the expected upward breakout. However, there's a potential downside risk with a support level around 156. If the price breaks below this support, it could invalidate the bullish setup.
PSO outlookAs the previous market data is concerned the data for PSO shows us a fall in the price of share i am watching ptice to fall to its weekly support level and the price gauge to 155.68 level of support , as well as the trend is concerned stock is in a bearish trend from weekly to daily to H4 to H1 there is some resistance to bearish trend over H4 TF but main trend is breaish price is also forming a Continuation pattern to the bearish trend i am bearish over next week to 155.88 level of support
PSX: PSO OutlookPSO look has breakout the trend which is confirming the bullish divergence trend reversal. looks good for short term and long term entry.
Entry: 169
SL: 154
TP1: 184
TP2: 200
TP3:215
PSO Upward momentum buildingScrip Analysis with viable anticipated viable Profit Targets and also hopeful to materialize soon as well. Lets c how it plays...
PSO - BULLISHPSO is currently in a bearish trend on 1hour chart,
divergence was printed there's a possibility of reversal from this zone
long entry is recommended
PSO | Flag Pattern🚀 Stock Alert: PSO
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Range : 183-184
🎯 First Target : 192
🎯 Second Target : 205
🎯 Third Target : 218
⚠ Stop Loss: 173
⏳ Nature of Trade: Mid Term
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
📰 Technical View: PSO displays a promising bullish pattern characterized by the formation of flag pattern. Our plan entails accumulating the stock within the designated buy zone (183-184 range), while setting stop loss orders below the bottom of flag at 173 to manage risk effectively. Anticipation builds for a substantial surge in momentum upon the completion of flag around the 192 area. To guide our trading decisions, we've delineated two more distinct targets: an intermediate target around 205 and a final target for exiting the trade will be around 218 which acts as a major resistance level.
Bearish divergence in PSOA bearish divergence is observed in PSO in a daily timeframe. The trend has reversed from bullish to bearish by breaking the last HL and forming the first LH. The bearish trend is expected to continue forming new LHs and LLs. If the bearish trend continues forming a new LH. then it will be a good point to take a short position as per the levels indicated on the chart.
PSO:PSX Buy CallPSO printed a Bullish Divergence with a Falling wedge pattern suggesting a Bullish shift in momentum.
Market entry is suggested with Stop Loss on previous Lower Low. Take profit levels are recommended on 1:2 Risk Reward Ratio.
Happy Trading!
PSO - BAT PATTERNAfter a bearish trend, PSO has reversed its trend , there is a divergence on RSI too and a good bullish move is expected. Long entry recommended.
PSO - KSE100- Possible set up.PSO is currently in the Fibonacci golden pocket and above the support level of the previous high. If the price breaks out above 185.70, it can test the 200 level and then 213. If the price breaks down to 174, then it might retest the 145-150 level.
PSO: Bearish Trend ShiftPSO:PSX printed a rising wedge pattern followed by a bearish divergence suggesting a Bearish Shift. Shorting is recommended as per the levels mentioned in the chart.
PSO - 1H - Bullish flag - PSXIn this chart we have observe a Bullish flag on a 1 hour time frame. and we placed entry, tp & sl points accordingly. No Divergence spotted
PSO - A bearish TrendPSO has recently changed into bearish trend by making lower low and lower high. Lets see how it unfolds.
PSO- BULLISHPSO looks bullish and currently in uptrend, makes its first higher high and now completing higher low.
PSO FALLING WEDGE (BULLISH CONTINUATION)PSO - Trading in a post-breakout continuation. watch out the rectangle BO zone.
Targeting: 200+
PSO is BullishPSO has made a bullish divergence, and has also printed a higher low, it is currently defining a higher high, which would confirm a bullish rally, taking the price to new highs. Targets are mentioned on the chart. According to AB = CD harmonics projections too, the price could cross 250.
PSO🚀 Stock Alert: *PSO*
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 First Entry : 142 - 142.20
🎯 Target : 163
⚠ Stop Loss: 130
⏳ Nature of Trade: Mid Term
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
