Forever-Learner

Forever-Learner

Currently Fib 0.5 of its all-time high and its last peak - both are showing resistance. Once it breaks the level, the trendline will act as resistance (~114). After that it may speed-up towards its next targets of 121, 146 and previous all-time high.

Forever-Learner

Forming a nice H&S pattern on monthly TF. RSI, Stoch are bullish. Next target can be the neckline top (~495) and then ~720 once it breaks neckline.

Forever-Learner

EngroH is going to form an M pattern for which it has to take a bounce and then will fall back. Bounce can be expected to Fib-0.618 (212) or Fib-0.786 level (245). RSI and Stoch are in recovery phase. MACD still bearish. Playing on levels should be prioritized with trailing stoploss once it reaches 212. Exit should be planned near 245. Staying long can be...

Forever-Learner Updated 

From latest bottom till the breakout level which conservatively I'll take at 1159, the most possible target is ~1800.

Forever-Learner

Fib 0.236 level from last peak and trend line is the main hurdle. Once it breaks, resistances on pivots and other Fib levels will be the targets.

Forever-Learner

UDPL has very strong fundamentals (P/E: 2.3, EPS: ~30) Its a dividend paying stock as well. It is building cup and handle formation with the channel top line working as major resistance. It took a correction from Fib 0.786 level of previous all-time high. Once 80 (Channel top line) is broken, we can see it moving towards 91 which is its previous all-time...

Forever-Learner

Golden cross on weekly time frame. RSI has cooled down and is ready to take off again. Possible target is 77.

Forever-Learner

Hino broke its downward channel line in November 24. It posted a high of 545 in Jan 25 and came back to retest the level which broke the downward channel (~300). Now it is exactly at its Fib 0.236 level, crossing which, it will pace up and move towards its next levels. Next levels are: 545, 589, 721 and 853 in short to medium term. Long terms target can be its...

Forever-Learner

Long term targets for NETSOL once it breaks out the triangle are listed in chart. You can take it either as Fib 1.618 or the price arrow top as your targets.

Forever-Learner

GWLC is facing some trend line resistance shown in chart. Next expected resistance is also shown (~58.90). Breaking it will move it up towards all time high (70). Its my personal opinion, not a buy/sell call.

Forever-Learner

FEROZ just touched its channel top this month and breaking it (410) will open up its way to further upside targets of 482, 581 and then 722 in medium term. Further, a beautiful inverse head and shoulders formation is already complete... Breakout expected next month insha Allah. Its my personal opinion, not a buy / sell call

Forever-Learner

SITC has given a breakout from Fib 0.618 of previous all-time high level on monthly time frame which will be confirmed on monthly closing. Next targets are 540 (Fib 0.786) and then previous all time high 630. Crossing it will open up gates to 1,000+ RSI is in bullish zone. Volumes of last two days confirm the breakout as well. Its my personal analysis, not a buy /...

Forever-Learner Updated 

TRG has made a perfect bullish harmonic pattern where it has retraced to exact 127.2% of its last top and now will move till 161.8% of its all-time high which is nearly 295. This is not a buy/sell call, its just my own analysis and you may disagree. However, I'd urge you to study bullish and bearish harmonic patterns which are not so common in Pakistani market but...

Forever-Learner

INDUS Motors stoploss hunted by some very very smart player yesterday :) Brought down to 1685 level and then brought it up to just over its Fib 0.786 level. It is taking support from its SMA20 level and a golden cross is about to happen next month. This is the best time to hold onto it (my personal opinion, not a buy / sell call). It requires patience though....

Forever-Learner

Netsol is in its buyback phase which is about to be over in June. Inverse H&S is in play where it hit its daily pivot level. If it now makes a higher high and higher low, 2nd shoulder will be confirmed. Alternatively, it may hit 123 (bottom of its first shoulder) before going upward. Upside short term target will be 183.

Forever-Learner

Maple Leaf is cooling down after a long rally and is preparing for touching its all time high. It struck Fib 0.618 level and is now spending some time here as expected. It may retrace to its Fib 0.5 level (73 to 74) before again going up. Once it crosses and gives monthly closing above 88, we can see it hitting 108 and then 133 in quick succession.

Forever-Learner

GWLC tried to break its previous high but failed last time. Its again retesting it and hopefully will give breakout this time (48.35). Then it may go to retest its all-time high (70). Ultimate target can be 132. This is not a buy/sell call, just my own opinion.

Forever-Learner

Breakout may happen at 92 and we may see Mughal touching 130 (Channel top) once again. What happens if it breaks Channel top resistance this time? We'll see later :) This is not a buy / sell call, just my own opinion.