The price action is currently confined within converging trend lines, indicating the potential for a breakout. Consideration may be given to initiating a long position following a breakout from this pattern, with a stop loss set at 18 to mitigate potential losses in the event of a downward break below the channel. Initial resistance is positioned at approximately...
The current price action demonstrates movement within a parallel channel. A breakout from this channel is indicative of a potential further upward trajectory. Initial resistance is observed around the 60 level, with secondary resistance at approximately 64. To manage risk, it is advisable to employ a stop loss strategy, with stop orders placed below the 50 mark.
Since November 2022, TRG has experienced a persistent decline. However, in February 2024, this downtrend halted, transitioning to an upward trajectory. Notably, recent market activity has seen price establish support around the 67 level, culminating in a closing value of 71.49 during the preceding trading session. Looking ahead, initial resistance is anticipated...
Will US Oil breaks its trend line or shows rejection? Many factors are involved in it, major one is the demand of the oil. Technically, break above can continues more bullish momentum otherwise it can drop. Keep an eye on it!
In a weekly timeframe analysis, the price maintains its support level of 1300, while the MACD bearish histogram indicates a weakening trend. A pullback from this support zone is anticipated. The initial resistance is situated around 1500, followed by a secondary resistance near 1700. It is advisable to implement a stop loss strategy below 1250 in the event of a...
Trend line break that creates opportunity for short term target of 0.9$
It is advisable to consider the formation of an inverted head and shoulders pattern, suggesting a potential trading opportunity. A suggested entry point would be at the right shoulder, indicated at 4.50. Following the breakout above the neckline, resistance is anticipated at 5.80, presenting a potential gain of 30% post-accumulation. It is noteworthy that a...
Entry: 150 Target: 162.40 Stop Loss: 144 Risk & Reward Ratio = 1 : 2
At present, the price is at right shoulder in the formation of inverted head and shoulder pattern. Based on this technical analysis, the current setup of this stock appears to offer a favorable buying opportunity at 6.60. On completion of the said pattern can lead the price towards 9 rupees. Use stop loss below 6 to manage risk as the pattern breaks if it breaks 6 rupees.
🚀 Stock Alert: SYS 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Level: 410 🎯 First Targets : 436 🎯 Second Targets : 449 ⚠ Stop Loss: 400 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: NO 📰 Technical View: The current price action is indicative of the formation of a flag pattern,...
Break out from the trend line is observed. Targets are mentioned on the chart.
Trend Line Breakout Has Already Done In Weekly Timeframe. Preparing For Massive Bullish Wave Towards 161% In Coming Weeks. Thank you for reading.
Presently, the price enters in an uptrend after the break out and retest of the descending parallel channel around 143.83 which acts as support level. Initial resistance lies around 163.90 which breach can pull the price towards major resistance level of 180 which is the support zone of the price. On the flip side, if support level of 143.83 breaks then bearish...
The KSE100 Index is currently exhibiting a trend rejection, evident from its recent performance, particularly in the last two trading sessions characterized by lackluster volume and a decline in the index value. Consequently, a further downward movement is anticipated. In light of this observation, it is advisable to capitalize on profits by liquidating positions...
Nahdi Medical Company’s major bullish breakout from consolidation phase this week brought in the highest trading volume daily since last 2023. Looking at this type of action, the first time volumes goes so high after so long, is indicative that a new market cycle is getting started. The super high volume is supported by a very, strong RSI. Moving forward in...
After the bullish divergence observed in Attock Refinery share. The price action is currently testing resistance level of around 317 which breach and sustains can pull the price towards next resistance of 340. Stop loss can be placed below 295.
🚀 Stock Alert: *GATM* 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Range: 20-20.50 🎯 First Targets : 21.50 🎯 Second Targets : 23.00 ⚠ Stop Loss: 18.80 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: NO 💰 Dividend Paying: YES 📰 Technical View: Following a rebound from the support level of 19, the price is...
NETSOL must surpass the 144 resistance level to effectively conclude its bullish momentum, as delineated by the cup and handle pattern. Notably, a significant supply zone is situated within the range of 182 to 195. To mitigate potential losses, it is prudent to implement a stop loss strategy below the 125 mark, which represents the neckline zone of the pattern.