Monthly Support is around 210Currently at a Good Support Level
However, it needs to Cross & Sustain 240
for the Target of 285 - 289
Chart 4- PPL Bearish trend continues Pakistan Petroleum bearish trend continues since first week of March 2024.
PTC in Bearish TrendPTC was trending Bullish trend in 1Day time frame, was printing Higher hig and Higher lows but now it shows trend reversal as sellers are in contraoll.
PSX share a good investment option for long term A possible downwards trend Reversal can be seen since Hammer is seen at the Last Lower High. Not a Financial Advice
cup and handlecup and handle bullish pattern targeting 8.20 first hurdle for humnl is 6.80 7.30 is breakout for bulls
Reversal or What??Bullish Divergence appearing on Hourly TF
Touching & Sustaining the level around 15.80
may trigger the Price Upside
FFLFFL is testing 100-day moving average (EMA) and is now nearing its channel trendline support around 9.10. Exercise caution and monitor closely; failure to maintain this level could lead to further downside.
✴️ Tariq Glass Entering New Long-Term Bull-MarketTariq Glass is currently maintaining its support level at 98 for the past week, representing a 38.2% Fibonacci retracement from the 106 level. Additionally, the stock has reached the breakout level of a descending trend line, signaling a robust bullish breakout. Furthermore, it has surged above the EMA50 indicator in the ongoing session. Consideration of long positions is advisable within the range of 100-98. Following the breakout from the trend line, the initial target is positioned at 104, with a secondary target at 106. Conversely, in the event of a downside breakout, employing a stop-loss strategy at 95 is recommended to mitigate risk exposure.
Test Case - Bullish Divergence will Play or H&S Pattern?Bullish Divergence on Daily TF
H&S Pattern yet to complete its Right Shoulder
Morning Star* Bullish Divergence on Daily TF
* a beautiful Pin Bar followed by a Morning
Star on Daily TF
PSO - A bearish TrendPSO has recently changed into bearish trend by making lower low and lower high. Lets see how it unfolds.
PIBTLFor Fresh Entry:
Buy1 around 6.15 - 6.25
Buy2 around 5.50
TP1 : 7
TP2 : 8
Stoploss : 5.20 (closing basis)
MARI - Long Based on the chart, it seems a bullish cup and handle trend is forming. The breakout level is at the blue line. If the stock happens to break that, it will be in a bullish trend.
Fundamentally, MARI is a good stock and current news are in favor as well. This is a long term holding stock.
NRL is BullishNRL has broken previous lower high and printed a higher high, it will now print a higher low before moving to new highs. Targets are mentioned on the chart.
MTL - UPTRENDMTL is going to break its previous lower high and might reverse the trend in upward direction.
PPL -BearishPPL is showing downwards trend, making Lower Highs and Lower Lows , printing bearish candlesticks which indicates a bearish trend.
PSO- BULLISHPSO looks bullish and currently in uptrend, makes its first higher high and now completing higher low.
Bullish on Monthly TFBullish Divergence on Monthly TF
Those Holding it may wait for Good rates
as Monthly Bullish Divergence takes some time
to play.
However, level of 35 should Not be Broken!
MFFL🚀 Stock Alert: MFFL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 163 - 164
🎯 First Target: 172
🎯 Second Target: 176
⚠ Stop Loss: 157.50
⏳ Nature of Trade: Short Term (Scalping Trade)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
PREMA Bullish BiasCurrently trading in a falling wedge pattern,stock is a buy now position having bullish divergence on RSI.
HUBC - BEARISH REVERSAL WITHIN A BULL FLAG
HUBC is currently trading within a Bull Flag pattern, with the price encountering resistance below 118.30. Multiple resistance levels are preventing a breakout from the flag resistance zone. The price appears poised for a bearish reversal towards the levels of 111.80 to 102.70. It is probable that the flag channel's bottom support around 104 / 102 levels will be tested.
Consider selling with a STOPBUY set above 119.
Targets: 112.70, 111.30, 108.00, and 104.
