THCCLTHCCL analysis
Trying to in into daily channel
If successful then will touch channel top around 310
THCCL trade ideas
Still Bullish on Bigger Time Frames.Still Bullish on Bigger Time Frames.
Hidden Bullish Divergence has appeared.
Immediate Resistance lies around 186 - 189
Crossing this Level with Good volumes may
expose 197 - 200
Fresh Entry should be Triggered if 205 is Crossed
& Sustained; only then it may resume its Uptrend.
THCCL - Building Momentum for bullish movePSX:THCCL breakout from bullish flag now building momentum for another bullish leg. Buy for targeting previous HH at 238-240 area.
THCCL - PSX - Daily TF - LONG (Buy) Trade call RSI 14 indicator is above 70 line and there is no bearish divergence yet.
Klinger Oscillator is above '0' indicating a bullish state; however, Klinger Oscillator (Blue) is yet to cross over the trigger line (green).
EMA 89 line is also below the price chart indicating a bull run.
AB=CD Pattern has been drawn for TP1.
Pole and Flag pattern has been drawn for TP2.
THCCL - LONG (Buy Call)
Buy : Instant @ Market price : 94~95
TP1: 120.35 (Expected TP 22 Oct 2024 )
TP2: 130.25
THCCL- PSX - Technical AnalysisTHCCL price has made a wedge which is an indication of price going up any time. RSI has already bounced from 30 and moving upwards. Klinger is just hinting at likely beginning of the bull run for this SCRIPT.
Fundamentally, from cement sector, this will show progress as sales will be substantial during post Ramadan and pre-monsoon (April ~July). Coupled with company has already shifted its power requirements to solar energy, therefore manufacturing cost cutting is eminent.
This SCRIPT can be kept in portfolio for investment point of view as well since prices are already very discounted.
Trade Values:
Buy-1 :189.58
Buy-2: 167.08
TP-1: 233.36
TP-2: 255.66
TP-3: 305.41 (For SWING TRADE 6 months Plus)
TP-4: 336.62 (For SWING TRADE 6 months Plus)
SL: 159.88
Still Bullish on Bigger Time Frames.Still Bullish on Bigger Time Frames.
Hidden Bullish Divergence has appeared.
Immediate Resistance lies around 186 - 189
Crossing this Level with Good volumes may
expose 197 - 200
Fresh Entry should be Triggered if 205 is Crossed
& Sustained; only then it may resume its Uptrend.
Thatta Cement offering 15% gain By Placing Stop loss @ 186, one can enter the trade at current price of Rs. 200 with first TP of 214 and second TP 228
Thatta cement correction seems completedThatta cement seems completed its correction and ready to fly once again.
Note: This is not a buy sell call and use stop loss.
THCCL is heading to 530Positive momentum of THCCL shows a robust growth and it is near its new resistance level of 245 and this positive momentum may be lead it to
530 level by July 2025
Note: This is not a buy/sell
call, trade at your own will. Use stop loss.
Make it or Break it Level...185 - 187 is a Make-it or Break-it Point.
If this level is sustained, we may witness
200 - 220 + again & probably New Highs if
it Crosses 235 - 236.
Breaking this level would lead it towards 152 - 157
THCCLTHCCL is currently testing its parallel channel resistance. RSI is at 81.59 which indicates over bought level and the stock is 97% over bought on daily time frame. Profit taking is recommended on higher side. On the other hand, 61.85 level acts as support.
THCCLPrice still in upward but Bearish divergence on RSI, the selling pressure observed price is moving toward 48, consolidation there is a good sign otherwise drop to the support line.
