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Kvo

GADT - PSX - Technical AnalysisGADT on daily TF has just broken out of its bearish regression channel and at the moment price is at Resistance level. Moreover, price has just moved up from EMA20 as well. RSI is above 70 and KVO is also above zero level which are indications of beginning of a likely bull run. Weekly trend line has also been drawn. Technically correct entry will be on crossing of Weekly trend line which will also act as a resistance. Trade Values are:- Buy: 405 SL: 370 TP-1: 450 TP-2: 540
PSX:GADTLong
by Golden_Spur
KML - Daily TF, Technical AnalysisKML after the 10/1 split share price dropped from PKR 146.77 to 14.67 and then it continued its price drop due to profit booking. Historically, this SCRIP retraces to 50% Fib level before starting its next run for HH. At present, the price after retracing to 50% Fib level is almost maintaining 38~42% for the last 2 weeks consolidation. It may take even 1 to 2 weeks for once again going upwards but you never know it may go up even in one day as hidden bullish divergence has been observed on RSI. KVO is below zero level but its signal line (blue) is almost parallel to Klinger oscillator (green), suggesting slow transition but both lines are very close as well, therefore, any good news or bad news will give its immediate results. For trade consider buying at levels mentioned on the chart. ABCD harmonic pattern has been plotted to arrive to the TP-4.
PSX:KMLLong
by Golden_Spur
PRL - PSX - Weekly Technical AnalysisOn weekly TF, since Feb 2022 PRL is making HHs and HLs. Regression Channel (RC) has been drawn with Upper Standard deviation set at 3 and Lower Standard deviation set at 2. In RC, central dashed line is most frequently visited by the price action. In addition, a weekly trend line (blue) has also been drawn. It is observed that price action respects trend line for taking support by it. Anyway, PRL seems to be continuing its upward movement in the channel. However, its delayed payments by Govt for the last 2 years is major concern. If somehow, this aspect is improved then this SCRIPT can perform much better. In upcoming major military exercises of India may also trigger Risk Off scenario where Oil & Refinery Sector can get a boost as well. KVO suggest that this SCRIPT is about to go up. No divergence on RSI so trend should continue. Trade Values: Buy-1: 35.68 (CMP) Buy-2: 31.31 SL: 28.19 TP-1: 44.44 TP-2: 51.35
PSX:PRLLong
by Golden_Spur