The continuous decline in market volumes indicates a lack of interest from "smart money". If the market volumes do not improve, we may see the market falling towards major demand zones, such as 76,000, 74,500, and then 70,800. The market will start performing once volumes revive from these demand zones; otherwise, it may only bounce back slightly with low volumes.
Potential Upside 15% / Target 310 stoploss should b at 255
Currently, the index is trading at 44550, which is the top of the consolidation range for the index. Before achieving the target of 46800, it is possible for the index to test the bottom of the range at 43350 and then move towards the target.
The target should be around 23.50 Stoploss is at 17.10
After witnessing a rapid recovery in IT stocks worldwide, especially on the NASDAQ, it seems that a similar trend may be expected in Pakistan's IT sector in the near future. The IT sector is poised to be a significant beneficiary of the current economic environment, with the government likely to provide further tax rebates. Given this outlook, I hold a bullish...
The initial public offering (IPO) of AIRLINK 75 took place, and currently, the stock is trading at $21.50. From this point, there appears to be a potential upside of 38% in this stock, with a recommended stop-loss level set at $19.60. This analysis suggests that the stock may have room to increase by 38% from its current price, and it is advisable to set a...
I am expecting that the global use of the US dollar as a currency may decline further to 50% within the next 2 years.
In August 2022, The world's stock markets had fallen by more than 25%.many were chanting the word 'recession'. At that time, a forecast was made by me ALHAMDULILLAH that there would not be a recession, but rather a relief rally would occur in all the world's stock markets. Subsequently, the world market gained more than 20% on average. In the last six months, the...
In 2022, gold demand has seen a remarkable increase of 28%, The aggressive gold buying behavior by central banks of various countries, witnessed after 55 years, This buying behavior is an indicator of the existence of some significant factors or insights that are known to these large economies, but not to the average person. The primary reason for this surge is...
buy usoil wid huge junks near given levels for short term move. this is very strong long term support. this is big opportunity to make huge money wid 2 to 3 dollors
1st TP 162050
target would be 25830 IN SHA ALLAH
current trading at falling wedge support which bullish pattern.if euro succeed to make reversal from here it can give move toward 120 on weekly chart. on flip side is break below 112.50 it will open doors for 104. wait for conformation
DXY likely to test its 1st support area 95.50 and then channel support 94.80