PNSC is ready to flyPNSC is going to breakout level of 317.62. TP are 376, 422, 532. SL 236
Note: This is not a buy/sell trade call.
PNSC trade ideas
PNSC - PSX - Technical Analysis - Buy CallOn Daily TF, Price has seen a steep bull run of 4 days. Then retracement of 5 days and now price is in distribution phase for the last 10 days. This is a good sign for another bull run.
Hidden Bullish Divergence on RSI is also present which also confluence a sharp increase in price.
KVO is just below zero (in bear run) but turning upwards. Blue line (Oscillator) is about to cross green line (trigger) as well. Therefore, one can enter in trade immediately at Market price or technically correct value at 291.50.
Therefore, Buy trade should be :-
Entry (Buy) : 291.50
Stop Loss: 269.50
TP1: 320
TP2: 383
PNSCBuy1 : around 217 - 219
Buy2 : around 192 - 195
TP1 : 230 - 235
TP2 : 245 -250
TP3 : 260-265
Stoploss : 184 (closing basis)
