Get started
SAZGAR ENGINEERING WORKS LIMITEDSAZGAR ENGINEERING WORKS LIMITEDSAZGAR ENGINEERING WORKS LIMITED

SAZGAR ENGINEERING WORKS LIMITED

No trades
See on Supercharts
Overview Financials
Ideas
Discussions Technicals Forecast Seasonals

SAZEW trade ideas

SAZEW | Bearish Flag PatternThis chart is for Sazgar Engineering Works Limited (SAZEW) on the Pakistan Stock Exchange (PSX). Here’s a breakdown of the analysis: Bearish Flag Pattern: The chart highlights a "Bearish Flag Pattern." This pattern is typically a continuation pattern seen in a downtrend, where the price consolidates before continuing its downward move. It suggests potential weakness in the stock price. Support Level at 860 PKR: There is a significant support level marked at 860 PKR. If the stock price breaks through this level, it could trigger further declines. Support levels are key price points where demand could potentially increase, preventing further drops. Price Action: The price is currently around 965 PKR (as of the chart date), and the stock has been in a slight downtrend. The bearish flag indicates that after a small consolidation, a drop could happen, possibly to test the support at 860 PKR. Possible Rebound: The chart suggests a potential rebound from the support level. If the price successfully tests and holds at 860 PKR, a recovery might occur, as indicated by the upward curve. However, if the stock breaks below the support, it could signal a bearish continuation. Overall Outlook: Short-term trend: Bearish, as suggested by the flag pattern. Critical level: The 860 PKR support level. A break below it could lead to further declines, while holding it could signal a potential reversal or bounce.
PSX:SAZEWShort
by mbaberhanif
SAZEW- LONG Trade CallLONG (Buy) Trade Call Technical Analysis: Entry: On crossing Flag's Upper Resistance Level which will likely indicate a start of bull run. This is the safest approach to enter once bull run is confirmed. On the flip side of it comes Mr. Fibonacci - who gave us Fibonacci Equation. And over the past 4 decades now it is norm to consider Fib retracement for getting better entry prices. As per Fibonacci principal, Fib retracement value 0.236 (Rs 963) is tested 85% of the time before going back to the original trend direction, Fib 0.382 (820.80) 70% tested which is likely to happen around 11 Oct 2024. And if market sentiments go down then it can even touch Fib 0.618 (Rs 588.79) 30% chances. Fundamental Analysis are very much in Favour as well. Therefore, place Buy Orders according to your own best judgment. I'll personally take entry on either breaking of Flag's Upper resistance OR at Fib 0.382 (Rs 820).
PSX:SAZEWLong
by Golden_Spur
Sazgar Future Prediction - Advanced AnalysisBased on current trends and market analysis, it is predicted that Sazgar will experience a decline till R 927. Following this, there are two possible scenarios: Scenario 1: Trend Reversal (60% probability) The stock will experience a trend reversal, indicating a potential change in direction. Scenario 2: Further Decline (40% probability) The stock will continue to drop, potentially reaching R 861. This level is considered a buying opportunity, as it may represent a bottoming out of the stock's value. Give Bost for More Analysis
PSX:SAZEW
by JawadFarooq
SAZEW (ANALYSIS).SAZEW forms a bullish flag pattern with a target price of 805, currently heading towards that level. RSI shows no divergence on the daily timeframe but does on shorter timeframes (1hr, 2hr). ADX indicates overbought conditions, advising caution. Trading Recommendation: Consider long positions cautiously, with lower quantities due to RSI divergences and overbought ADX. Monitor the target price closely and implement professional risk management strategies.
PSX:SAZEWLong
by Earn_withHassaan