Following the identification of a double bottom formation in OGDC shares around the price point of 104.50, recent price action indicates a rejection from its resistance level situated at 130, culminating in a closing figure of 121.07 during the latest trading session. Notably, support is discerned within the range of 114-118, where a pullback is anticipated...
Ghandhara Automobiles Ltd - GAL - 1D: Price action is presently making higher high and higher lows with supports defined around 36-35.50 range. It appears that the stock is in the bullish momentum since price pulled back from 0.618 Fib level. 52.50 and 65.50 are the first and second resistance level respectively.
The KSE 100 Index closed its latest trading session at 63,306, marking a notable gain of 490 points (0.78%). Currently, the index is testing its descending trend line, with initial resistance observed at 64,196; surpassing this level may prompt a test of secondary resistance near 65,200. Vigilance regarding stop-loss levels is advisable. Conversely, a closure...
The price has experienced a retracement subsequent to forming a triple bottom pattern. This pattern necessitates a breach of its resistance level at 10.70 for completion. Following a successful breakout and subsequent retest, there is potential for the price to gravitate towards its subsequent resistance level at 11.65.
Currently at strong resistance level with RSI shows over bought level. Rejection is expected
Currently, the price is at a resistance level, signaled by a doji candlestick and overbought RSI, indicating a potential reversal. Rejection is likely at this level. Initial support is around 71, secondary at 66. However, breaching and sustaining above 75 could lead to further upward momentum.
🚀 Stock Alert: KEL 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Level: 4.35 🎯 First Target: 4.85 🎯 Second Target: 5.20 ⚠ Stop Loss: 3.90 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: NO
🚀 Stock Alert: *PSO* 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 First Entry : 142 - 142.20 🎯 Target : 163 ⚠ Stop Loss: 130 ⏳ Nature of Trade: Mid Term 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: YES
🚀 Stock Alert: LOADS 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Level: 7.60 🎯 First Target : 8.60 🎯 Second Target : 9.60 ⚠ Stop Loss: 7.00 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: NO 💰 Dividend Paying: NO
Moving in a parallel channel. Long position can be consider at 2020 for the target of 2120 with the stop loss at 1970.
The price of the stock has been in a strong uptrend since the middle of 2023. The price has more than doubled from its low of around 110 in July 2023 to its current price of around 217. The volume has also been increasing, which suggests that there is strong buying interest in the stock. Pull back seemed at the test of 50% Fib retracement and currently trading...
🚀 Stock Alert: PRL 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 First Entry : 26.50 🎯 First Target : 27.50 🎯 Second Target : 28.15 ⚠ Stop Loss: 25.70 ⏳ Nature of Trade: Short Term (Scalping) 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: NO 📰 Technical View: The price action is in uptrend after bullish divergence is observed with...
Following a pullback from the support level at 190.30, serving as the neckline in the head and shoulders pattern, the price now faces resistance in the range of 239-241 for the right shoulder. A break above this range could lead to a test of the upper trend line near 280. Conversely, a sustained break below the neckline would confirm the completion of the bearish...
Is it the end of bullish cycle? If we look at the bearish divergence with RSI, we definitely say YES! (or may be NO) Al Hassan Ghazi Ibrahim Shaker Company produced a super-strong bearish signal in the form of bearish divergence pattern. These signals are pointing towards a correction, a very strong correction towards the confluence of support lies at 0.382...
Ape Coin has recently demonstrated a notable movement by surpassing and subsequently closing above its EMA50, thereby indicating a prospective opportunity for mid-term growth. Confirmation of this potential upturn would be attained with a closure above the EMA 100; however, this milestone has yet to be achieved. Noteworthy indicators include the presence of a...
Wait for the break out from resistance level other wise profit taking from resistance level is expected, and pull back from support. Keep an eye on it.
🚀 Stock Alert: AKBL 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Range: 24.00 - 24.10 🎯 First Target : 25.00 🎯 Second Target : 25.50 🎯 Third Target : 26.00 ⚠ Stop Loss: 23.00 ⏳ Nature of Trade: Short Term 📉 Risk Level: Medium ☪ Shariah Compliant: NO 💰 Dividend Paying: YES