Nishat Mills Ltd. (NML) is a prominent Pakistani Textile Company belonging to the Nishat Group. The company has been in downtrend for very long time. At the start of this Calander year it hit the low which has proved to be the lowest low so far. Since than the security has been posting gradual increase in price. Thus gaining 40% of its value. In the preceding week...
OGDC had its recent high at the start of August which is around Rs111. Afterwards it went into consolidation. on 18th October it had a low of around 93 reminding me the Wyckoff. The volumes have been picking up since the start of October and on Friday it staged a breakout which, in my opinion, shall continue, as the RSI is also displaying a bullish momentum. So...
PPL is a prominent Pakistani company engaged in Oil and Gas sector. Last year in similar days it hit the lowest low from there it has been gaining the momentum and price hike. A few days back it hit the high of 87 afterwards it came down to the region of 80s, all these movements has formed the flag which is the continuation pattern so we expect the price to go...
The outbreak of Corona and subsequent lockdown created the panic in Gold market too so the price got support from the $1450 level. This ignited a rally in Gold which culminated at $2075 in August 2020 From this point onwards the price has been trying to crossover the $2075 mark but has always ran out of steam. In this process the prices has been printing the...
The Script has been striving to find the solid ground to lay the foundation of it north bound journey. These efforts started with the start of 2023. This consolidation period seems to be completed soon because on daily RSI chart the script has successfully found the support at RSI 50 after getting price rejection at Rs.82. On weekly charts the the RSI has been...
FABL has been striving to upgrade itself in to upper price bracket. Last successful attempt was in September 2021. Since than it has been in the broader price range of Rs.20 and Rs.32. Now at current price level the momentum is good which is coinciding with a bull rally at PSX and it is also on the verge to breach the Triangle which it started forming from the...
NETSOL is a technology company that has been gaining the momentum for t Bull run. It started accumulation at the start of September the volume in recent days has been good causing the average daily volume to rise. At every swing high the price has been inching up and now the price is being rejected at another swing high which is expected to get support at the...
EURGBP has been in downtrend for a long time. Recently the pair has hit the bottom and prices have started printing HH and HL. In this backdrop a trade plan has been prepared with multiple entry options including immediate buy, buy limit and buy stop. So choose as per your preference. instead of TP1 and TP2 the price hike potential has been identified.
GBPAUD is showing weakness on hourly chart. Divergence on RSI indicator further confirms the idea. So you may trade according to the trade plan prepared for your convenience.
UK 100 index has shown weakness on hourly chart this is further augmented by the Divergence on RSI indicator. To milk the opportunity a trade plan has been devised. So you may utilize the opportunity.
AUDCAD has been in uptrend but unable to break the resistance. In this process a rising wedge has been formed and now the wedge is about to get violated. keeping in mind all these factors a short sell plan has been prepared. you may trade according to Short sell levels.
NASDAQ , On hourly chart has been posting higher highs and higher lows. This journey towards north seems to be ending as the RSI has shown exhaustion by printing a bearish divergence. This is the indication that we should prepare for the short selling. A selling point has been marked on the chart to make this trade safer. So you may enjoy the rides according to...
Gold has been in downtrend and we witnessed a sharp decline in its price. Now the price is hitting the bottom rock on 4 hours time frame, as we can see the price is about to break the descending price channel and RSI is also showing the bullish price divergence. For the convenience entry and stop loss, along with the potential resistance has been marked on the...
Cup and handle is a bullish pattern. The price movement of the pair is such that it is about to complete the pattern. If this move succeed the entry level and stop loss level has been marked on the chart along with the potential price target.
EURCAD has been in downtrend for quite sometime. In last few days we have been seeing divergence on RSI indicator which shows the exhaustion of bears. From 28th of September the bull has been leaving the traces of their success, On last working day the breached the last higher hig on the chart, stamping the change of trend reversal. At this point the bulls may...
on hourly time frame the pair is on downtrend. In last hours it showed some resistance to bears but there is no indication on the chart that the bulls can get any support. For convenience a trade plan has also been prepared.
After having a significant downturn the PAEL is Bottoming out. Currently it is printing higher high. Therefore, this shall be a great level to take position in the script.
On hourly chart the pair OMGUSDT has a very strong bull run. After initial spike the pair has traced back to around 0.5 Fib. level. This level seems to be a good joining point.