Cup & Handle FormationMUGHAL Analysis
Closed at 66.44 (24-06-2025)
Crossing & Sustaining 98 - 102 with Good
Volumes may result in further upside
towards 150+
However, it should not break 52 now.
MUGHAL trade ideas
Mughal 📌 Step 1 – Entry Strategy
Primary Entry:** Around **70–72 PKR** (current breakout zone, minor pullback likely).
Aggressive Entry:** On breakout above **76–77 PKR** with strong volume (momentum trade).
📌 Step 2 – Stop Loss Placement
Conservative Stop:** Below **68 PKR** (invalidates wedge breakout).
Tight Stop (for short-term traders):** Below **70 PKR** if entering at 72+.
📌 Step 3 – Profit Targets
🎯 **Short-Term Targets (1–3 weeks)**
* Target 1 → **76–77 PKR** (recent swing high)
* Target 2 → **87–88 PKR** (major resistance zone)
🎯 **Medium-Term Targets (1–3 months, if 88 breaks)**
* Target 3 → **132 PKR** (Fib 1.272)
* Target 4 → **144 PKR** (Fib 1.618)
* Target 5 → **158 PKR** (Fib 2.000)
📌 Step 4 – Risk Management
* Risk per trade: **1–2% of capital**.
* If entering at 71 PKR with stop at 68 PKR → Risk = **3 PKR/share**.
* Adjust lot size so that total loss remains within **risk tolerance**.
✅ **Summary**:
Buy Zone:** 70–72 PKR or on breakout above 77 PKR.
Stop Loss:** Below 68 PKR.
Profit Roadmap:** 76 → 88 → 132 → 144 → 158 PKR.
MUGHAL – TECHNICAL BUY CALL (1H TF) | 16 AUG 2025 MUGHAL – TECHNICAL BUY CALL (1H TF) | 16 AUG 2025
The stock has been moving in a triangle formation (light purple) and recently reversed upward after touching a low of 63.5. Multiple bullish structures have formed, making it an optimum position for a new buy entry.
MUGHAL Share Buying StrategyMUGHAL Share Buying Strategy
Key Buying Zone:
📍 Buy between PKR 68 – 66
Note: if Monday open above 70 then buy don't wait for dip
Stop Loss:
🚫 Place stop loss at PKR 62
Targets:
🎯 Target 1: PKR 77
🎯 Target 2: PKR 81
Extended Strategy:
🔒 If price sustains above PKR 81, hold the position and apply a trailing stop loss to protect profits.
Note:- price may be completed its target required many days
Mughal Steel – Multi-Timeframe Technical Analysis🔍 Mughal Steel – Multi-Timeframe Technical Analysis
I’ve been closely analyzing Mughal Steel, and the current structure across Yearly and Monthly timeframes is showing a strong bullish setup with significant upside potential. Here's a quick breakdown:
📅 Yearly Timeframe Insights:
Price has reacted from a Yearly Bullish Fair Value Gap (FVG) — a key zone where institutional buying often occurs.
A Protected Swing Low is now in place. Based on the structure, I do not expect price to trade below this low.
2023 swept 2022’s low, but closed inside the FVG, suggesting accumulation by smart money.
2024 closed above 2023’s high, confirming a bullish shift.
2025 has swept 2024’s low and is now aggressively moving toward upside liquidity.
Upside Target: 2024 high at 96.69, which would represent a potential 48% move from current levels.
📆 Monthly Timeframe Confirmation:
The protected low must hold — it serves as a critical level for bullish continuation.
I believe price will not revisit this low due to strong structural support.
We’ve seen multiple failed attempts by sellers (swing failures) above — indicating weakening bearish pressure.
No significant resistance exists above, clearing the path for a strong bullish move.
📈 Conclusion:
With no resistance overhead, a protected structure, and bullish momentum building, Mughal Steel is presenting a high-probability opportunity for upside expansion. I'm watching closely as price targets 96.69 in the coming months.
#TechnicalAnalysis #MughalSteel #StockMarket #TradingInsights #PriceAction #Investing #PakistanStockExchange
MUGHAL | Bullish RecoveryAccumulation Range @ 69.50-69.80
Target 1 @ 72.50-72.85
Target 2 @ 76.50-77.00
Target 3 @ 84.50-85.00
Stoploss @ 65.50
Beautiful ABCD pattern appearing on bigger tf.Beautiful ABCD pattern appearing on
bigger tf.
Crossing 101 - 102 with Good Volumes may
trigger new highs towards 120 atleast.
78 - 80 is an Immediate Resistance area.
On the flip side, a Very Strong Support is
around 68 - 70 & then around 62 - 63
MUGHAL - Following its ChannelBreakout may happen at 92 and we may see Mughal touching 130 (Channel top) once again. What happens if it breaks Channel top resistance this time? We'll see later :)
This is not a buy / sell call, just my own opinion.
LONG MUGHALLonged MUGHAL. Bought spot shares, no leverage. Resting above weekly support, broken down trend. Entry, Stop Loss and Exit all there. Will take a while to play out. Patience is always rewarded. Worth a punt!
Will update in due time.
Manage your risk! #DYOR
MUGHAL - PSX - Technical Analysis - Cup & Handle PatternOn daily TF, after making the cup and handle pattern, now the price is moving in upward direction.
Buying at CMP (to gain more profit) and after breaking of neck line (technically better entry) is recommended.
Trade Values
Buy-1: 87.39 (CMP)
Buy-2: 100.42 (On breaking of neck line)
TP-1: 160.86
TP-2: 222.65
SL: 75.23
Potential Buying Zone (Daily)This might be a potential buying zone (small chunk) for the following reasons:
1. Target of H&S completed.
2. Weekly support.
3. EMA 144 - 200.
Note: I'm a learner and I'm reusing my learned tools after a very long time. Let me know if I can improve or if you have any suggestions.
Make it or Break it...72.10 is Important to Sustain on weekly basis
to move towards upside.
& 77 is a Strong Resistance level.
On the flip side, 65 - 66 is a Strong Support area
that should be respected.
MUGHAL, Double Bottom with Bullish DivergenceTrendline Retest
Double Bottom Formation
Bullish Divergence
Bullish Moment Expected
Strict Stoploss @ 75
Initial Target 100
MUGHAL has generated bullish signalMUGHAL is showing bullish sign near trend line, after correction it is looking attractive for buying at current levels.
Mughal Long positionCup and handle formation. All the targets are mentioned on the charts. Long term target is PKR 145.
Mughal - PSX- Bullish Bat PatternIn daily time frame a bullish Bat pattern is forming in Mughal Steel, a buy trade can be taken at current price of 78 - 80, stoploss below 74 ,
MUGHAL | Bullish Symmetrical PatternAfter completing bullish symmetrical triangle pattern, MUGHAL retraces 38.2%, Possible pull back is expected towards previous top of 100 (target) with the stop loss just below precious support around 80.
Bearish DivergencesShould wait for an Entry near
75 - 77. Stoploss in this case
should be 74 on Closing basis.
MUGHAL | Parallel ChannelMUGHAL is at break out level with bullish momentum. If it breaks and sustains above 82 then the completion of parallel channel occurs at 88. Exercise caution and monitor closely.
MUGHALWe can attempt to buy MUGHAL from specified level as it gives breakout of yellow box , also trading in bullish rectangle pattern (continuation pattern) , also there is no bearish divergence at current levels.
SL , TP mention in chart
MUGHAL iron & STEEL #Pakistan Stock ExchangeTrend seems positive and if It hold candle above 75 Rupees , then we can see it may go to 110 Rupees.
Trend seems quit positive.
