MUGHALMUGHAL Buy from specified levels (trendline support , 0.5 FIB intact)
SL , TP mention in chart
MUGHAL trade ideas
MUGHAL is BullishPrice 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🚀 Stock Alert: MUGHAL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 61.50 - 62.50
🎯 First Targets : 65
🎯 Second Targets : 67.50
⚠ Stop Loss: 59.50
⏳ Nature of Trade: Scalping
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: MUGHAL is presently undergoing testing of its 200-day moving average (DMA) and is approaching its channel trendline support level near 62. Vigilance and close monitoring are advised; a failure to sustain this level may precipitate further downside movement. Conversely, in the event of a pullback, initial and secondary resistance are situated around 65 and 67.50, respectively.
MUGHALMUGHAL Buy at HL (also 0.5 FIB , trendline support intact )
Buy 1 at 63.91
Buy 2 at 52.17
SL 45.17
TP 74.97
RR 1.32
PSX - MUGHAL OutlookMUGHAL 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 has formed a Bull FlagMUGHAL: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 BullishMUGHAL 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.
