a Bullish Hammer on Weekly basis. if this Week's Candle closed around 320 - 325, this would become a Morning Star. 312 appears to be a Strong Support. 317 - 320 can be a Good Entry point with a Stoploss of 300 on Closing basis.
Bullish Divergence on Shorter TF. Crossing & Sustaining 975 may lead it towards 1100 - 1125.
Bullish Divergence on Daily TF. 196 - 197 may appear to be a strong support. Next Support would be around 170-171
Sustaining 131 - 132 may lead it towards 135 - 136 initially & then around 140. On the flip side, it should not break 125.
Stock is making HH HL. It should not break 24.50 on Monthly basis. It has the potential to touch 28.50 then 30. However, those who are in Profits, Must trail the Stoploss (atleast at breakeven point), if they don't want to enjoy profits ;-) Fresh Entry can be taken around 24.50 - 25 with proper Stoploss level.
No Bullish Divergence yet appeared. a Very Strong Trendline Resistance around 65 - 66. H&S Pattern is there; targeting around 40 - 41 in worst case scenario. It needs heavy volumes to Break the level of 65-66 and sustain it.
Last Analysis were shared on 23-08-2024. Alhamdulillah it went well. Could not cross 10.50 resistance. Now it seems to be near its Support level of around 5.80 - 5.90; with Strong Bullish Divergence on Monthly Basis. Entry can be taken with a Stoploss just below 5.50 However, more safe entry would be once it crosses 10.60; targeting 13.50 - 14.
However, stock is still Bullish on Monthly TF. Bearish Divergence on Weekly TF has appeared. But Yes, Closing above 68.40 - 68.50 would be a positive trigger. If this level is Sustained, we may witness 75 - 76 then 83 - 85.
350 - 351 is an Important Resistance for now. If this level is Crosses & Sustained, we may witness 371-373 then 395. On the flip side, 318 - 320 & then 292- 293 are very important Support Levels that should be respected.
Buy @ CMP or around 123.25 Sell around 128 - 129 Stoploss 122 Plan2 Buy above 129.50 Sell around 134 - 135 Stoploss 123
119 - 120 may act as an Important Support. It touched 120.22 on Friday. However, Closing above 131 is Important to Sustain. Sustaining 131 may lead it towards 138 - 139
Unfortunately, it did not move as expected technically. However, Monday's Closing is Important. Those who are holding from High Side, and want Quick Gain out of it, may bring their average price down by Buying on Dips and Selling on Strengths. BUT MONDAY'S CLOSING IS IMPORTANT! Lets Pray for the Best!
KSE100 Closed at 82082 (27-09-2024) Last Update was given on 19-08-2024 & the levels played the same way as mentioned. Alhamdulillah! Now...! as on 29-09-2024; Index Still has the potential to touch 85000 - 87000. However, Bearish Divergence on Shorter TF may bring it towards 79450 - 80710 range. It needs to Cross & Sustain 83000 to continue its Bullish...
Bullish Divergence on Daily TF. Should not break 7.50 Immediate Targets can be 9.50 - 10
If 119 - 120 is Crossed & Sustained, we may witness 130. 113 - 114 may act as important support on Monthly TF. It should not break 106.
Bullish Divergence on Weekly as well as Daily TF. Moving in a Rectangular Pattern; 70 should be Sustained on Monthly TF for Further Upside. Short Term Targets are 80 ; 83. Long Term Targets 100+ Should Not Break 62.
Immediate Resistance is around 75.50 - 76. Crossing & Sustaining 75.70 will lead it towards 77 -78. It will be in uptrend once it sustains 80.
Bullish Divergence on Weekly TF. Immediate Resistance is around 83 - 84. However, Crossing & Sustaining 87.50 may lead it towards 98 - 99.