PSX_DLY:MUGHAL   MUGHAL IRON & STEEL INDUSTRIES LTD
🚀 Stock Alert: MUGHAL

📈 Investment View: Technically Bullish 📈

🔍 Quick Info:
📈 Entry Range: 61.50 - 62.50
🎯 First Targets : 65
🎯 Second Targets : 67.50
⚠ Stop Loss: 59.50
⏳ Nature of Trade: Scalping
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: MUGHAL is presently undergoing testing of its 200-day moving average (DMA) and is approaching its channel trendline support level near 62. Vigilance and close monitoring are advised; a failure to sustain this level may precipitate further downside movement. Conversely, in the event of a pullback, initial and secondary resistance are situated around 65 and 67.50, respectively.
Trade active
Comment:
MUGHAL was recommended on 1st April, both the target of 65 and 67.50 are achieved 🚀🚀
Trade closed: target reached
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