SEARLSEARL short swing
Buy on dip still facing rejection from top of downtrend line
buying levels mention
SEARL trade ideas
Play on levelsMonthly closing above 66 is actually
an important Support.
Retest of Trendline done.
Weekly Support is around 71 - 68.
Immediate Resistance is around 91 - 92.
If this level is sustained, we may witness 96 - 97
SEARL- SHORT TRADESEARLE is in downtrend channel, its bearish attitude is also confirmed with Volume Behavior Analysis.
SEARLE LONG TRADESEARLE has been in downtrend since Dec 25, it has recently take support from a strong Breaker Block and also crossed over a bearish Breaker Block which is a sign of strength.
The downward Bear Channel is actually a Bull Flag as per Price Action Principles of Al Brooks the Father of Price Action.
Price went below this channel in shape of Selling Climax to dry out all Supply at those lower levels, this process has shifted the possession of Searle from Weak Hands to Strong Hands (Big Institutions). thus creating a Supply Vacuum.
Price has only logical direction to go and that's upwards.
BUY SEARLE 78-84
TP1 95
TP2 105
TP3 120
SL 70
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.
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.
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. ๐๐ง๐๐๐๐ฃ๐ ๐๐ฃ ๐๐๐ฃ๐๐ฃ๐๐๐๐ก ๐ข๐๐ง๐ ๐๐ฉ๐จ ๐๐๐ง๐ง๐๐๐จ ๐ง๐๐จ๐ ๐จ. Individuals should perform a thorough analysis and consider their risk tolerance before making investment decisions. ๐ ๐๐ข ๐ฃ๐ค๐ฉ ๐ง๐๐จ๐ฅ๐ค๐ฃ๐จ๐๐๐ก๐ ๐๐ค๐ง ๐๐๐ฃ๐๐ฃ๐๐๐๐ก ๐ก๐ค๐จ๐จ๐๐จ ๐ง๐๐จ๐ช๐ก๐ฉ๐๐ฃ๐ ๐๐ง๐ค๐ข ๐๐๐ฉ๐๐ค๐ฃ๐จ ๐๐๐จ๐๐ ๐ค๐ฃ ๐ฉ๐๐๐จ ๐ฅ๐ค๐จ๐ฉ. 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
