ATRL is BullishATRL seems to be gearing up for another bullish move, as bullish RSI divergence has emerged and matured at daily time frame, indicating the strong hold of bulls on the price action. If previous lower high is broken and a higher high is printed, we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.
ATRL trade ideas
ATRL 1D IN PSX MAKE BULLISH DIVERGENCECertainly! Here's a description for **Attock Refinery Limited (ATRL)**:
Attock Refinery Limited (ATRL) has formed a bullish divergence on the 1-day chart, indicating potential upward momentum. The recommended **entry level** is at the current price, with a **stop loss** set at 340 to manage risk. The **take profit** targets are 388 and 413, suggesting a favorable risk-reward ratio. 📈💼
Happy trading! 🚀💰
ATRL:- BULL SHALL TAKE THE GAME TO NEXT LEVEL.ATRL has been in tremendous bull run which started last year.
From May 2024 to onward the security was forming a triangle, which denotes the continuation of the bull trend.
The triangle has successfully breached and price is coming back to test its support. bullish divergence has already been formed on RSI, thus forming the confluence in favor of bulls.
SL, in this scenario shall be 330 and TP is 450. Whereas the long position may be opened at current market price.
Due diligence and strict money management is solicited.
Have a profitable trading.
ATRL ANALYSIS 2.0🚀 Trade Alert: ATRL at Horizontal Support with Bullish Divergence 🚀
We have identified a bullish setup in ATRL, characterized by the following:
Horizontal Support: ATRL is at a horizontal support trend line.
Retracement: The price has retraced to 61.5%.
Bullish Divergence: Formed on the daily timeframe, indicating potential upward movement.
Entry Point:
Buy: At 347
Target Prices (TP):
TP 1: 397 📈
TP 2: 440 🥇
Stop Loss (SL):
SL: 286 to manage risk
Trade Summary:
Buy: At 347
TP 1: 397
TP 2: 440
SL: 286
Trade Type: Long Swing 🎢
Good Luck! 🍀
Stay informed and trade smart! 📊
ATRL🚀 Stock Alert: ATRL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 336
🎯 Targets : 380
⚠ Stop Loss: 314
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
📰 Technical View: Establishing bullish momentum, if it break and sustain resistance level of 350 then it can test 380. Stop loss can be placed below 314.
ATRL | Bearish CUP formatInverted Cup is a fairly rare but very reliable bearish pattern. It is formed at the end of a long-term bullish trend and usually gives a signal of a market reversal.
The upward trend in prices with a gradual slowdown. In the classical case it should represent a smooth arc.
A rounded bottom is, in simple terms, a dumping of a position by large market participants, when the price is very difficult to keep from falling. When it can no longer be done - phase 3 of the formation begins (i.e., the fall)
The descending of the price - the maximum if followed by the descending, which should be the entry point, and should last as long as the first phase (the price ascending)
MACD shows cross over from the top which also gives bearish signal.
For a long position, better to wait for the completion of the cup formation around 180 which is the support level of the price and a pull back for its handle can be considered for a gain.
On the flip side, if the price breaks and sustains its resistance level of 406 then this formation will be failed and the new bullish cycles may develop.