at Important Level...It may reverse from this level
but if 32.50 is broken we may witness
further downside towards 29 & then 21.
However, crossing 38 may lead
it towards 40 - 40.50 initially.
TOMCL trade ideas
TOMCL (Buying and Selling Zone)Buying Range is 30 to 35
Seeling range is 37 to 45
Stop Loss at 28
Note: This is not a Buy/Sell call.
TOMCL.PSX - LONG Buy Trade CallTechnically after a Bull Run market went into Distribution Phase. The Distribution Phase is about to end as a Triangle pattern has formed which is very likely to cause price chart to enter into Advancing Phase that will trigger a bull run once again.
Seeing the Pole & Flag pattern (Yellow lines) the Bull run may go up to PKR 66~70 zone.
Earnings will be announced on 27 Nov which will further pump the price and then one can exit by booking profits.
Fundamentally, the company is looking promising as recently it has got a deal with a Chinese company for providing meat to Chinese consumers. The company's share can be held for long term as well.
LONG Buy Trade Call
Entry 1: 41.40
Entry 2: 40.00
SL: 34.40
TP1: 46.75
TP2: 56.00
Though Still Bullish on Weekly TF, butThough Still Bullish on Weekly TF, but There is also
a Bearish Divergence on the same TF.
Pressure is Still on it and 35 - 35.50 can be
witnessed if 39.50 is broken.
It would not reverse into Bullish Momentum, unless
it crosses & sustains 43.20
Trailing Stoploss will be the Best StrategyThere is a Bearish Divergence on Daily TF,
so Trailing Stoploss will be the Best Strategy
to Enjoy More Profits at least till 51.50 - 51.90
Stoploss can be trailed at 37 on Closing basis.
TOMCL - BULLISH ENGULFING, TG : 41.38TOMCL - bullish engulfing, likely to continue uptrend, TG: 38.00 - 41.38 initially.
The immediate risk will define below 32.70.
TOMCL - Aiming for PKR 47.00TOMCL recently reached its target at PKR 41.38, which also marks a strong resistance zone. Keep a close watch.
TOMCLThe price has been observed to move within a parallel channel, with recent closings nearing the lower trend line of this channel around 35.06. Notably, this level coincides with a test of the 50-day Simple Moving Average (SMA). Based on this analysis, a potential pullback is anticipated from this region.
Consideration may be given to establishing long positions around the 35 mark, accompanied by a stop loss set at 32.50. The primary target for this trade is set at 40.
Tomcl Analysis.(Buy)Analysis: 📈 Tomcl forms a bullish flag pattern, indicating potential upward movement. However, recent RSI divergence caused a temporary fall to form a higher low (HL), aligning RSI with the price action. The price is currently at the channel top, encountering resistance. Crossing this level with substantial volumes could trigger a bullish momentum.
Strategy: 🎯 Consider buying Tomcl above 34.50 or ideally above 38.50, targeting initial gains at 40.60 and then aiming for 45.00. Ensure volume confirmation for sustained bullishness. Keep an eye on price action near the channel top for breakout signals. Happy trading! 🚀
TOMCL - GARTLEY PATTERNAfter a bearish trend, TOMCL has reversed its trend , good bullish move is expected. Long entry recommended in TOMCL.
TOMCL - DOUBLE BOTTOMTOMCL made its double bottom, bullish move is expected in coming days, Long entry recommended in TOMCL.
TOMCL🚀 Stock Alert: *TOMCL*
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 18.80 - 19.00
🎯 First Target : 19.70
🎯 Second Target : 23.00
⚠ Stop Loss: 18
⏳ Nature of Trade: Mid Term
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
TOMCL is BullishTOMCL is in a good bullish momentum and printing higher highs and higher lows, the rally is expected to continue. Targets are mentioned on the chart.
PSX -TOMCL OutlookAs we can see TOMCL is in Bullish trend by making higher high and higher low with healthy volume each day and being part of top Volume leaders. which reflect the healthy and positive activities in the stock.
Entry:23.98
SL: 21.50
TP1:26.46
TP2:28.92
TOMCL Train has started Leaving Rest Area.The Organic Meat Company, after hitting the bottom rock started surfacing again. After crossing the price level of Rs. 23 it retraced to 0.38 level. For the last two days it has been printing the green candles which is a good sign for bulls. Yet another point in bull's favor is the crossing of RSI over its MA.
We are expecting some intraday pressure, otherwise closing price may be considered as entry point.
For your convenience SL & TP has been marked on the chart.
Have a profitable trading.
TOMCL - Testing Break Down LevelTOMCL - Testing Break Down Level
TOMCL Technical Analysis Overview:
TOMCL is currently undergoing a critical testing phase, as it grapples with a bearish trend spanning nearly two years. Investors are advised to exercise caution and remain vigilant regarding key price levels.
Immediate Support at 21.40: It's important to note that a sustained trading position above the 21.40 mark is essential for potential positive momentum. Investors should closely monitor this level.
Inner Channel Vulnerability at 19.77: Should TOMCL breach the inner channel support at 19.77, there is a likelihood of a price test at the 18.00 level, which aligns with the parallel channel support.
Further Downside Risk: A breach of the 18.00 level may open the door to a significant downward correction, with potential targets at 15.20 and 14.60.
Bearish Divergence in Indicators: It's worth noting that indicators are displaying a bearish divergence, further underscoring the cautious sentiment surrounding TOMCL's current trajectory.
In summary, TOMCL is facing a critical juncture in its price action, and investors should closely monitor the key support and resistance levels outlined here. Prudent risk management and vigilance are advisable in light of the prevailing bearish trend and bearish divergence in indicators.
