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mbaberhanif

SAZEW | Bullish Pennant Pattern

Long
SAZGAR ENGINEERING WORKS LIMITED (PSX_DLY:SAZEW)  
mbaberhanif Updated   
PSX_DLY:SAZEW   SAZGAR ENGINEERING WORKS LIMITED
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
SAZEW printed a bullish pennant pattern with no sign of divergence. A bullish trend continuation is expected, entry is suggested at 700 with the stop loss below previous lower high level at 650. Previous top of 782.50 considered as TP1 and after the break out it can leads towards the completion of pennant pattern, the price can projected towards 1,000.
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Comment:
Trade active:
Ready to fly
Comment:
First Target Achieved, profit taking can be consider at this level and again take entry on dip.
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