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PREMA Technical Analysis: Retest at Strong SupportPREMA(At-Tahur Ltd.) Price is retesting a strong horizontal support level, which previously acted as resistance and aligns with the Fibonacci golden ratio. It is trading above the upward trendline and the 55 Fib EMA, which has historically acted as dynamic support, reinforcing the bullish structure. RSI is also in sync with the setup, adding further confirmation. The first buy is at CMP, with Buy 2 placed lower to average in on a healthy pullback. TP1 targets near-term resistance, and TP2 aligns with further upside potential. Stop loss is placed below the previous higher low on a closing basis to define risk. Recommended Levels: Buy 1: 46.40 (CMP) Buy 2: 44.00 Stop Loss: Closing below 40.00 Take Profit 1: 56.30 Take Profit 2: 62.50 Take Profit 3: Ride the trend with a trailing stop Potential upside remains as long as price sustains above the upward trendline and 55 EMA. Happy trading!
PSX:PREMALong
by TradeWithParas
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.
PSX:WAVESLong
by mehranali92
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.
PSX:PAELLong
by mehranali92
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.
PSX:FCCLLong
by mehranali92
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.
PSX:HCARLong
by mehranali92
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.
PSX:BBFLLong
by mehranali92
23 FEB 2025, KSE - 100 A simple yet clear viewThe volumes are low as compared to last year. As the big money stopped flowing into stocks for a moment the retail traders and the aggressive players are also waiting for a clear signal in the market. The KSE 100 is very confusing right now. The simplest and most clear view is that the market is sideways and consolidating as we saw last year in these months. Whoever is trying to analyze the KSE 100 and thinking that he can figure it out or all the youtubers, they don't know anything about technical. Right now none can predict anything on the index. The best thing is to stop watching the index until it closes above mentioned levels and focus on stocks only right now.
PSX:KSE100
by abdul0705pvt