Price has broken previous lower high and bulls seem to be in control of the price action. A higher low is defined earlier which will be followed by a higher high, which according to Dow theory marks the beginning of a bullish rally. Targets are mentioned on the chart.
MUGHAL is picking momentum after the retracement and heading to break the last Higher High. entry is commended upon the breakout of last HH value with volume.
Entry:75.50
StopLoss:61
TP1:91
TP2:104.50
MUGHAL:PSX is in uptrend on W and D timeframes. It has formed Bull Flag on both timeframes being a continuation pattern; the RSI doesn't show any unplayed divergence. SL has been placed on last swing low i.e 50% fib retracement. Entry point is placed slightly early to take actual benefit of the move. TP is also marked in GREEN.
MUGHAL is in a strong up-trend and is printing new higher highs followed by higher lows. The trending phase of the stock is expected to continue in the future. Targets are mentioned on the chart.
