Stock is making HH HL.Stock is making HH HL.
It should not break 24.50 on Monthly basis.
It has the potential to touch 28.50 then 30.
However, those who are in Profits, Must trail
the Stoploss (atleast at breakeven point), if
they don't want to enjoy profits ;-)
Fresh Entry can be taken around 24.50 - 25 with
proper Stoploss level.
Trade ideas
FCCL - PSX - Analysis on 02 Oct 2024FCCL - Daily TF
Currently trend is in uptrend. AB=CD harmonic pattern has been drawn which indicates that PRZ is close, and price may reverse after testing Rs 27.70 to Rs 28.45 zone values. Hidden Bullish Divergence has already caused a pump in the price. RSI indicator also suggests that momentum is highly bullish and is going to put market in oversold condition shortly.
Historically it retraced to 0.618 level. Therefore, once again it is expected to retrace back to 0.618 level which expectedly will be Rs 22.80 .
Trade Values:
One can buy on dip around 25.50 with TP at 27.50.
Then Either take SHORT (Sell) trade on reversal or wait till traces back to Rs 22 and then again buy it.











