Efert - BullishEfert's trend is in a BULLISH phase now,
divergence was printed on 13th may after that
we have observed a reversal in efert from 143.88.
entry after breakout is recommended,
Entry price = 156.98
Stoploss should be 151.60
TP = 162.36
EFERT trade ideas
EFERT PSX KSE1001. Price breaks the channel
2. Expected pullback is expected Current (Support 1)
3. May retest channel & post Lower high
4. One more Green candle confirm Long position with TP 155 and SL 135 (reward 1:1)
EFERTWe can attempt to buy EFERT from specified level as 0.5 FIB level intact , also there is no bearish divergence at current levels indicate that it move upward .
SL , TP mention in chart.
EFERT -PSX EFERT Is in bullish trend and testing its long term trendline with no divergence at top , possible forming its HL at 0.618 fib retracement
buy at CMP with risk defined BELOW HL
EFERT- Bullish TrendEFERT remains bullish on 1D Timeframe. Since its bullish move from Rs 75, it keeps on discovering new highs.
ABCD PatternMonthly ABCD Pattern Target seems to
be around 155 - 157
Bearish Divergence has appeared on Daily TF
EFERTIs it the end of bullish cycle?
If we look at the bearish divergence with RSI, we definitely say soon rejection can be seen!
EFERT: Caution advised The trendlines show a divergence in place. For those looking to book profits, now might be the time. For long term players, this is not much of a hinderance since the stock is fundamentally strong. Eventually it might dip into a good buying level which can provide an opportunity to increase holding of the stock.
Bullish on WeeklyThough it is still Bullish on
Weekly as well as Monthly TF, but
If 117 is Broken, DO NOT ENTER in this Trade
It will surely Open ways towards 109.
Also, there is a Bearish Divergence on Daily TF
EFERT about to make a decisionEFERT is about to complete its AB = CD projection, and soon would hit the potential reversal zone, moreover the emergence of bearish divergence, is a strong indication that right now caution must be practiced. Once it hits the reversal zone, only then a precise trading plan could be formulated.
EFERT is BullishEFERT is gearing up for a bullish rally and has printed first higher high and higher low, the trend is expected to continue in coming days.
EFERT - Navigating the Dividend Dynamics📊 Technical Overview:
EFERT's recent surge to Rs. 101.36 showcases its prowess, but a dip in dividend yield below the prevailing 22% interest rate has caught investor attention. Let's dissect the charts and explore potential trends.
📈 Price Action Analysis:
The uptrend is clearly evident, forming a solid foundation for the current price. Bulls seem in control, but could recent gains be a precursor to a pullback?
📉 Dividend Yield Dilemma:
EFERT's historical dividend yield supremacy faces a challenge as it slips below the prevailing interest rate. Investors are on edge, eyeing future economic cues.
📅 Anticipating Rate Movements:
With expectations of declining interest rates in the upcoming quarters, could EFERT reclaim its dividend crown? A potential catalyst for an upward swing?
🔍 Risk Factors:
Investors wary of a shift towards fixed-income options might exert downward pressure. Monitoring this sentiment is crucial for strategic decision-making.
🚀 Potential Upside:
If rates fall as anticipated, the current dip in dividend yield may be short-lived. Could we see a resurgence in EFERT's dividend allure?
📊 Conclusion:
EFERT's journey unfolds at the intersection of dividends and interest rates. Traders keep a watchful eye on this dynamic as the market navigates through evolving economic scenarios.
📣 Disclaimer:
This analysis is for informational purposes only and not financial advice. Always conduct your research before making investment decisions. Trade wisely! 📈💼
#EFERT #TradingView #StockAnalysis #InvestmentInsights #PSX
EFERT on PSX is rangeboundEFERT on PSX is rangebound between 81.99 and 83.88 as it is failing to print new HHs/HLs or LHs/LLs. Trade plan for initiating Long position has been marked on chart in case the price breakout above R2 and Short trade plan has also been marked in case price breaksdown below S2.
