Waves Corporation Ltd (PSX: WAVES) – Weekly Chart BreakoutWaves has finally broken out of a long consolidation zone with strong volume confirmation. Price closed at 9.97 (+10.29%), above both the 10 SMA (8.48) and 20 SMA (8.00).
📌 Trading Plan:
Buy 1: CMP
Buy 2: 9.4
Avg Entry: 9.6
Stop Loss: 8.5
TP1: 12
TP2: 16
📊 Observations:
RSI at 69.29, approaching overbought but still room to run.
Weekly breakout after 2+ years of sideways action.
Strong volume spike supports bullish momentum.
⚠️ Risk management is key: Protect with SL below 8.5.
Psxlong
PAEL – Symmetrical Triangle Breakout Loading?PAK Elektron Ltd (PSX: PAEL) has been consolidating for months inside a symmetrical triangle, with price hugging the 10 & 20 SMA zone. The breakout could be just around the corner.
📊 Technical Outlook:
Pattern: Symmetrical triangle within a larger consolidation box.
Current CMP: 41.95
MA10 on monthly: Acting as dynamic resistance.
Volume: Noticeable spikes during upswings, showing accumulation.
RSI: Neutral zone at 52 – plenty of room for momentum in either direction.
📝 Trading Plan:
Buy 1: CMP (41.95)
Buy 2: 38.6 (on dip if retest happens)
TP1: 47.5 (near 0.382 Fib level)
TP2: 60 (major Fib retracement level 0.5)
SL: 34.5
⚡ Why Interesting?
Price has been coiling, reducing volatility – a breakout can trigger strong moves.
Weekly & Monthly structure shows alignment for a potential uptrend continuation.
Above 49.5, momentum could accelerate toward 62+.
🔍 Watch Levels:
42.50 breakout confirmation zone
38.50 retest support
49.5 major resistance
Disclaimer: This is not financial advice – just my personal trade setup based on technical analysis. Always do your own research before entering any trade.
FCCL – Breakout Watch!Pattern: Ascending Triangle | Timeframe: 1D | Sector: Cement
After weeks of consolidation, FCCL is finally knocking on the resistance door. With strong volume and momentum, a breakout could unlock serious upside potential! 📈
🔍 Setup Overview:
✅ Breakout Level: 51.11 – Key resistance to watch. Entry on sustained close above this level.
🟢 Current Price: 49.51 – Just below breakout zone.
💡 Indicators:
RSI at 70.38 – Entering overbought territory, showing bullish momentum.
SMA(10) and SMA(20) support the trend.
🎯 Trade Plan:
📥 Entry: Above 51.11 (on confirmed breakout)
🛑 Stop Loss: 45.10 – Below structure support and SMA cluster
🎯 Target 1 (TP1): 60.09
🎯 Target 2 (TP2): 71.57
This gives a strong risk-reward ratio, ideal for swing traders.
HCAR – Time Cycle Complete, Ready to Ride!The chart is showing strong accumulation with massive volumes, signaling smart money activity. Price has spent significant time in a sideways cycle, suggesting consolidation is now near completion.
🔑 Key Levels & Plans
Plan 1: Buy near CMP / 285 | SL: 240 | TP1: 340 | TP2: 400
Plan 2: Buy above 340 (on sustained breakout) | TP1: 395 | TP2: 495 | TP3: 595
⚠️ Caution: Strong resistance around 318–340. A breakout above this zone could trigger the next rally, but failure may lead to another pullback.
📌 Conclusion: Stock looks ready for a potential ride, but breakout confirmation is crucial before entering aggressively.
BBFL – Big Bird Foods Limited: Range Breakout SetupBBFL has been moving sideways for months, locked inside a consolidation box 🟧. Price is holding well above the key support zone and building energy for the next decisive move. A breakout above the range could open the door to strong upside momentum.
🔑 Key Levels:
CMP: 47.37
Support / Stop-loss: 44 🛡️
Range Resistance: 55.5 🚧
📌 Trading Plans:
Plan 1 (Aggressive):
Buy @CMP or on dips to 45.5
SL: 44 ❌
TP1: 52 🎯
TP2: 55 🎯
Plan 2 (Conservative):
Buy only above 55.5 on closing basis ✅
TP1: 63.7 🎯
TP2: 69.5 🎯
TP3: 77.7 🚀
⚡ BBFL is at a make-or-break zone. Holding above support keeps bulls in control, while a breakout above 55.5 could trigger the next rally.
ABOT Weekly Technical Outlook – Long-Term Bullish Setup in PlayABOT has presented a compelling long-term bullish setup following a strong recovery and consolidation phase. Here's a technical breakdown:
🔍 Chart Overview (1W TF):
Entry Trigger: Confirmed breakout above PKR 1165, reclaiming the 0.382 Fibonacci level.
Stop Loss: Below key support zone near PKR 1022–1039, aligned with SMA 10 & 20.
Breakout Zone: ABOT is now retesting its previous all-time high zone between PKR 1145–1172, setting up for a potential continuation.
📐 Fibonacci & ABCD Projections – Long-Term Targets:
📌 TP1 (Fib 0.5): PKR 1281
📌 TP2 (Fib 0.618): PKR 1396
📌 TP3 (Fib 0.786): PKR 1562
🎯 Extended Target (Fib 1.0): PKR 1771
These levels align with a classic AB=CD harmonic projection, signaling potential for sustained upside over the coming months.
📈 Indicators Insight:
✅ SMA 10/20 crossover bullish; price now trades well above both.
✅ RSI (14) currently at 60.45, showing healthy momentum but still below overbought levels – room to run.
📊 Volume spikes on breakout candles confirm buyer interest.
💡 Strategy Summary:
📥 Buy Zone: Above PKR 1165
🛑 Stop Loss: Below PKR 1022
🎯 Targets: PKR 1281, 1396, 1562, and 1771
This is a textbook trend continuation setup following correction and consolidation. Keep a close watch on volume follow-through and strength above the breakout zone to confirm trend expansion.
Bullish on All Time Frames.MERIT Closed at 13.95 (13-06-2025)
Bullish on All Time Frames.
Immediate Support lies around 13 - 13.20 &
then around 12 - 12.20
However, 11 - 11.10 may be re-tested in extreme
pressure.
On the flip side, once 14.20 is Sustained, we may
witness upside towards 16 - 17 & then 19 -20
Another Possible Setup of Cup & Handle
Closed at 120538.01 (03-06-2025)
Another Possible Setup of Cup &
Handle is appearing on Top.
But still Resistance od 120660 - 120700
is there.
If crossed, 123000 is on the cards.
On the flip side, slight bearish divergence is
there on shorter tf, so dip can be a buying
opportunity.
Hoping for a Good Move Upside! Inshaa ALLAH!
Hidden Bullish Divergence will play?as mentioned during market
timings, 36.50 was important to
sustain. It could not and hit the
Lower Lock at 36.03
Next Support is around 34.50 - 34.62
Now it is Important to Sustain 36.50 - 36.70
on Weekly basis.
Monthly Support is around 35.
One +ve sign: Hidden bullish divergence has
also appeared.
PAEL SETUP ONCE AGAINPAEL is currently at its orderblock zone where the liquidity is resting if volumes come in at this level then we can expect a bounce again if the orderblock fails and there is no liquidity in OB then wait for downside levels and if the weekly ema 21 is broken then i see 30 level coming but still we will look into some more levels for now just focus on this orderblock
the previous supply is completed here
Cup & Handle Formation in process but Cup & Handle Formation in process but Yes, there is a Bearish Divergence
on Weekly Tf.
Resisted exactly from the mentioned level around 118.
Could not Sustain this level.
Now Weekly Closing above 104 - 105 is important.
Next Support lies around 96 - 97
If 118 is Crossed & Sustained, we may Target around 145 - 146.
KSE 100 INDEX BUYas Pakistan stock exchange has given an access to this portal and my first analysis is on KSE 100 INDEX i see a potential buy setup to a Daily Resistance Level and the first confluence for this setup is a GAP UP opening on Monday which is buy Signal the 2nd confluence is 200 EMA which is below candles and shows that it will be a buy setup third confluence is formation of a hammer candle which also shows us a buy setup but as i know the political situations and Geo economical position of Pakistan any move could be possible if everything goes smooth we will buying this 100 index