Searl entered into Bullish zoneSearl is entered into Bullish zone and may it cross 90 and 95 levels in few days. Stop loss could be 80 and 78.
Note: This is not a buy/sell trade call. Trade at your own will.
SEARL trade ideas
Monthly closing is Important!Monthly closing above 91-92 would
be OK.
Otherwise as mentioned earlier, next support
would be around 81 - 83 but then 88 - 90 would
become the Resistance.
SEARL- SHORT TRADESEARLE is in downtrend channel, its bearish attitude is also confirmed with Volume Behavior Analysis.
96 - 97 is the Immediate Resistance.96 - 97 is the Immediate Resistance.
Crossing 101 will make it further Bullish.
In extreme cases:
Support Zone is 88 - 92
Resistance Zone is 106 - 112
Weekly Closing not bad!Weekly closing not bad.
105-106 should be crossed with
Good Volumes targeting 110-113
May test 97 - 98 again.May test 97 - 98 again.
Immediate Resistance is around
105 - 106.
Crossing & Sustaining will expose
110 -113.
Ambitious SEARL Trade BuySearl is moving in descending manner and can be seen as a bullish pattern. Can see Buy=around 77.12 with a SL =76.5 and TP =125
Ambitious, but possible!
BreakoutBreakout on Daily TF.
Good Buying Range: 98 - 99
It has the potential to touch
110 - 113 initially.
SEARL LongTouching 129 recently, SEARL retraced back to Fib 0.618 level (84) and now in an upward trajectory.
Next targets will be 129, 163, 203 and then 277 (Its all time high).
Immediate resistance levels are 101, 112 and 120
Support levels are 84 and 71. Stop loss is 71
Bullish Divergence on Shorter TFImmediate Support seems to be
around 82 - 84.
If this level is not sustained, we
may witness 65 - 72 range.
However, Bullish Divergence on Shorter
time frame may give it a spike of 3-5 rupees.
SEARL (PSX)Trend is Bulish
price retrace at fib 0.618%
in the triangle price cosolidate .
Traget price is 130
Double BottomMade a Double Bottom around 92 - 93.
Immediate Resistance is around 107 - 108.
If 112.20 is Crossed with Good Volumes,
we may witness 120+ & then if 128 - 129
is Sustained, 150+ is on the cards.
On the flip side, it should not break 87
SEARL Buy CallSEARL (PSX) has given a breakout from the pennant formation with decent volumes. Buy at mentioned price for a risk reward ratio of 2.22. Use trailing stop loss once it hits TP1. Enjoy Trading!
SEARL LOOKS BEARISH LONGTERMSEARL LOOKS BEARISH LONGTERM (5-10 years from now)
SEARL has a very long leg from start to the top of 300 value. This long leg makes it vulnerable in current scenario for long term upward progress. After top it has been on decline reaching to ~35.
However the bounce back does not look impulsive instead it has corrective nature.
In my analytical view I can not rule out a impulsive downward movement until and unless crosses above 750.
Currently, it must cross and sustain above 180 to show some indication of long-term upward progress.
Nearest levels of upward rejection can occur at 100 (did not happen), 130 (happened) and lastly 180.
130 rejection can be considered as upward rejection if it moves down below 75. Otherwise it can test 180 value.
If it sustains above 180 then the rejection values are 300, 550 and 740.
Any sustained upward move above 750 will confirm the long-term targets of 1900, 6000, 11000 and 22650.
The impact of rejection from upside is displayed by arrows showing two scenarios of rejection to downside and their possible targets.
GOOD LUCK
DISCLAIMER:
The information provided doesn't guarantee results. 𝙏𝙧𝙖𝙙𝙞𝙣𝙜 𝙞𝙣 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙢𝙖𝙧𝙠𝙚𝙩𝙨 𝙘𝙖𝙧𝙧𝙞𝙚𝙨 𝙧𝙞𝙨𝙠𝙨. Individuals should perform a thorough analysis and consider their risk tolerance before making investment decisions. 𝙄 𝙖𝙢 𝙣𝙤𝙩 𝙧𝙚𝙨𝙥𝙤𝙣𝙨𝙞𝙗𝙡𝙚 𝙛𝙤𝙧 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙡𝙤𝙨𝙨𝙚𝙨 𝙧𝙚𝙨𝙪𝙡𝙩𝙞𝙣𝙜 𝙛𝙧𝙤𝙢 𝙖𝙘𝙩𝙞𝙤𝙣𝙨 𝙗𝙖𝙨𝙚𝙙 𝙤𝙣 𝙩𝙝𝙞𝙨 𝙥𝙤𝙨𝙩. Consult with a qualified financial advisor before entering to trade in stocks.
Still Bullish...but...Currently at Resistance level around
127 - 129.
The Stock is still Bullish & has the potential
to move upside.
However, some retracement till 109 - 111 is
expected.
& then if 129 - 130 is Crossed with Good Volumes,
we may witness 150 - 170.
SEARL Long positionMonthly breakout confirmed
Short term TP Rs 100
Long term TP Rs 125+ and than trade with trailing stop loss.
Fundamentally, last quarter massive write-off done so in upcoming quarters we will see good profits
Impact of non-essential essentail products pricing will also improve profitability
SEARLAfter Accumulation period it broke its last HH, no makeing new HHs and HLs.
price should hit the level of 99.
Watch Key Levels (SEARL)ou can closely watch the levels I've mentioned on the chart via the text. Before a breakout or breakdown, consider playing within the range with a stop-loss. If a breakout (BU) or breakdown (BD) occurs, check other supporting indicators or parameters before executing your trade. Always conduct your own research before making any decisions.
Play on LevelsDouble Bullish Divergence on Weekly TF.
Confluence of Trendline Support &
Horizontal Support around 58.
65.50 - 66 is a Very Strong Resistance.
