7202: Weekly Trendline Support7202 has shown reversal from downtrend
Weekly Bullish Divergence on RSI
Trendline support
HH, HL formation on daily time frame
SL or HL or below trendline support
Trade with proper risk management
7202 trade ideas
7202-Slightly BullishThe company recently posted Good result,Already price in Good buying range.
Buy Range :- 245-266
With SL -219 DCB
1St Tgt :- 293
2nd Tgt-:333
3rd Tgt:-378
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7202 | Arabian Internet And Communications Services CompanyArabian Internet And Communications Services Company displays a promising bullish pattern followed by ascending trend line. Moreover, the price is testing 200 EMA around 340 which can be consider for a long position, while setting stop loss orders below the bottom of support around 330. Initial target define around 360, upon sustaining this level secondary target would be 390.
Tweezer Bottom on Daily TFMade Double Bottom on Daily Basis around 345
Tweezer Bottom on Daily TF
50% fib level tested on Weekly basis
352 - 353 is a Very Important Support level
that should be Sustained on Monthly Basis
STC Solution | 7202 #TASIEntry 333 as my opinion
stop loss 320
it shows as in the chart of ABC correction is correct which indicate that coming wave is beginning
BUY & HOLD FOR LONG TERM. ARABIAN INTERNET & COMM CO Looks very good on the chart, very strong uptrend as it has given a breakout of the parallel channel, also the follow up candle formed is very strong as well.
Technically we can achieve higher targets, but downside is limited as the company operates in IT sector.
7202: SOLUTIONS (Triangle Breakout and Retest)A beautiful Formation of Triangle
Breakout and Retest is observed
Entry levels are defind
50% buying current price
264.20,
SL 260.8
50% buying on horizontal support
260.24,
SL 258.4
