Trade ideas
TCORP INVERSE H&S PATTERN; TG 20 -22📈 TCORP (Tariq Corporation Ltd – Hussein Sugar)
TCORP has triggered a classic bullish reversal pattern with a clear breakout from an Inverse Head & Shoulders formation on the daily chart. After forming a solid base with the Left Shoulder, Head, and Right Shoulder, the price has now convincingly broken above the neckline near PKR 14.80–15.00, confirming the pattern.
The current breakout candle, closing at PKR 15.30 with a gain of +5.15%, is backed by improving volume—adding strength to the bullish case. This pattern generally suggests a trend reversal from downtrend to uptrend, and based on the measured move from the head to the neckline, the projected target lies between 21–22, as indicated on the chart.
As long as the price sustains above the neckline zone (now turned support), this setup remains active and valid. A short-term retest of the breakout zone could offer a potential entry point for late movers, while momentum traders may look to ride the trend up to the target area.
In summary, TCORP is showing strong technical momentum after confirming a textbook reversal pattern. With a well-defined structure and upside target in sight, the stock looks poised for a potential move toward 21–22 in the coming sessions.
TCORP is BullishPrice was in a strong bearish trend, also respecting the descending trendline, however the bullish divergence led to the break of previous lower high and the trendline, indicating the control of bulls on price action. If the bullish trend continues then we can expect further highs as per Dow theory. Targets are mentioned on the chart.
TCORP is BullishTCORP gave a good breakout from the declining phase, after a bullish divergence appeared on RSI, however after that it went into a corrective mode and printed a higher low. Now, it is looking good for next rally. There is also some insider buying which suggests that the price could see new highs in coming weeks. Targets are mentioned on the chart.
