On 2310 we will have a big probability to have an uptrend as you see on the chart because we have a good candle with a long wick and small body and also we have the breakout with force the resistance line.Thanks!
Price was moving in downtrend for long time.
Support taken from Weekly 200EMA
Breakout from Horizontal levels (Supports) are observed.
Aggressive Entry can be taken now
Conservative Entry above specified line for long.
SL is specified
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
On 2310 as you see on the chart we have a sell idea because we have the breakout with force the support line so it's mean that we will have a big probability to have a downtrend.Thanks!
Price moving within Falling Wedge for quite some time.
Breakout and Retest is observed
Formation of HH, HL
Support from MA 50,100 (Cross) -->1H TF
Support from EMA 200 (Cross) -->1W TF
Fib Levels and Horizontal Suppport Levels are marked for TPs
possible formation of AB=CD in process
Trade with Stop Loss
Ride the trend with trailing stop loss
Falling Wedge Breakout Observed
Short term and long term Bullish setup is available
HH, HL formation
Wait for HL formation for Entry or at current level
Stop Loss is specified
Fib/Horizontal support Levels are specified for TPs
Ride the trend and Trail your stop loss
Manage your risk properly
Good bullish movement can be observed in
Sahara Int Petrochemicals (2310)
Currently, it's on strong resistance at 37.87 and
expected to go down till its last HH or HL to
make the new HL (36 or 35) and bounce back to
create a new HH at 40 riyals
- High volume can be observed
- Bearish Divergence can be observed at 1HR
-ABCD Pattern can be observed
Hello ladies and gentlemen, according to my graphical analysis, I don't recommend anyone to take any buy position because the market is still bearish and exactly after the breakout of 40 SAR.
Hello ladies and gentlemen, according to my graphical analysis of SAHARA INTERNATIONAL PETROCHEMICAL CO , there is a high probability of a decline towards the 33 SAR level in the next few months!
Formation of Bearish Bat in process
Support from Ascending trendline (Point C of Bearish Bat Pattern)
Entry now with TP at every identified fib level
Trail your stop loss accordingly
When a stock is ranging its highly recommended to stay away from it and look for better opportunities. We want to trade when a stock is trending we buy with the big boys and book profits with them. For now this stock is in a range and it would be risky to buy this. I would suggest wait for a proper breakout!
Hit like & follow guys ;)
2310 is making a beautiful break and retest of the trend line and structure at 33SAR key level.
!st Target: 37.8SAR
2nd Target: 40.6SAR
Please do analysis from your side as well.
