2310 SIPCHEM W1 - 20/4/2024 (TASI Market) Down trend in wave a is completed and there are increasing if buy volume which will push the price for up trend in wave b. Regards,
nothing interesting with SAHARA INTERNATIONAL PET until it's getting out of the range
On 2310 we will have a big probability to have an uptrend as you see on the chart because we have a good candle with a long wick and small body and also we have the breakout with force the resistance line.Thanks!
Price was moving in downtrend for long time. Support taken from Weekly 200EMA Breakout from Horizontal levels (Supports) are observed. Aggressive Entry can be taken now Conservative Entry above specified line for long. SL is specified
Nobody Knows Where is Price Going. Hey traders, here is the analysi. If you guys like my analysis please hit like?? and follow. Thanks. DISCLAIMER- This is not financial advice. SMART MONEY CONCEPT. identify Liquidity Or Become Liquidity
EVERY CANDLE HAS LIQUIDITY. PRICE ALWAYS NEED LIQUIDITY. Nobody Knows Where is Price Going. Hey traders, here is the analysi. If you guys like my analysis please hit like?? and follow. Thanks. DISCLAIMER- This is not financial advice. SMART MONEY CONCEPT. identify Liquidity Or Become Liquidity
On 2310 as you see on the chart we have a sell idea because we have the breakout with force the support line so it's mean that we will have a big probability to have a downtrend.Thanks!
Basic Analysis 50EMA STOC Crossing Reversed from Channel Bottom
Price moving within Falling Wedge for quite some time. Breakout and Retest is observed Formation of HH, HL Support from MA 50,100 (Cross) -->1H TF Support from EMA 200 (Cross) -->1W TF Fib Levels and Horizontal Suppport Levels are marked for TPs possible formation of AB=CD in process Trade with Stop Loss Ride the trend with trailing stop loss
Falling Wedge Breakout Observed Short term and long term Bullish setup is available HH, HL formation Wait for HL formation for Entry or at current level Stop Loss is specified Fib/Horizontal support Levels are specified for TPs Ride the trend and Trail your stop loss Manage your risk properly
Good bullish movement can be observed in Sahara Int Petrochemicals (2310) Currently, it's on strong resistance at 37.87 and expected to go down till its last HH or HL to make the new HL (36 or 35) and bounce back to create a new HH at 40 riyals - High volume can be observed - Bearish Divergence can be observed at 1HR -ABCD Pattern can be observed
Hello ladies and gentlemen, according to my graphical analysis, I don't recommend anyone to take any buy position because the market is still bearish and exactly after the breakout of 40 SAR.
Hello ladies and gentlemen, according to my graphical analysis of SAHARA INTERNATIONAL PETROCHEMICAL CO , there is a high probability of a decline towards the 33 SAR level in the next few months!
My medium to long term outlook using Elliott wave, Harmonic and classical technical analysis.
Formation of Bearish Bat in process Support from Ascending trendline (Point C of Bearish Bat Pattern) Entry now with TP at every identified fib level Trail your stop loss accordingly
When a stock is ranging its highly recommended to stay away from it and look for better opportunities. We want to trade when a stock is trending we buy with the big boys and book profits with them. For now this stock is in a range and it would be risky to buy this. I would suggest wait for a proper breakout! Hit like & follow guys ;)
2310 is making a beautiful break and retest of the trend line and structure at 33SAR key level. !st Target: 37.8SAR 2nd Target: 40.6SAR Please do analysis from your side as well.