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SNBL PROBABLY IN WAVE 'C' OF B or 2SNBL is most probably in wave C of wave B or 2 If our wave count is correct then we are in wave 1 of wave C which will target 13.60 - 13 range but first it has to take out the below teal color trendline, there is a possibility that prices might start rising taking support from this trendline starting wave 2 but most probably prices will go down to 13.60 - 13 level. This count of bearish wave C remains valid until prices goes above 22.50, once price breach 22.50 we will enter long position targeting 29.20 which aligns with our alternate count. We are looking to take 2 trades out of this setup, first will be a long position as wave 2 & once wave 2 gets completed, we will enter short sell position as wave 3. Will share trade setups in due course. We are bearish on SNBL and our preferred wave count target is 7.80 - 6.50 range on the long term charts. Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:SNBLLong
by KayJay
SSGC PSX Stock SummarySSGC (Sui Southern Gas Company) on the Pakistan Stock Exchange (PSX) is showing positive momentum, with a near-term target of PKR 43.90. The recommended entry is at the current market price, with a stop loss set at PKR 40.00 to manage downside risk. The stock appears poised for an upward move based on recent trading activity and technical indicators. Disclaimer: This summary is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Please conduct your own research or consult with a licensed financial advisor before making investment decisions. Trading in stocks involves risk, including the potential loss of capital.
PSX:SSGCLong
by Muhammad-Umar
BFAGRO Stock Trading StrategyBFAGRO Buying Strategy: Key Levels: 1. Current price: 27 2. Buy zone: 27-25.80 3. Stop loss: 24 4. Targets: 30 and potentially 34 if it breaks 30 Strategy: 1. Buy on weakness: Enter the trade if the price dips to 27-25.80. 2. Risk management: Set a stop loss at 24. 3. Profit targets: Aim for 30 initially, and consider holding for 34 if the price breaks 30. Considerations: 1. Market conditions: Monitor BFAGRO trends and news. 2. Risk tolerance: Adjust position size according to risk appetite. This strategy is based on the provided information. Always conduct your own research and consider consulting a financial advisor before making investment decisions.
PSX:BFAGROLong
by PSX_TradeWithTrend
PSO PROBABLY IN WAVE '' C '' OR " 5 " OF CORRECTION - SHORTThis is in continuation to our ongoing tracking of PSO shared earlier in which we are anticipating price to reach 350 - 360 area to go long. As our MARI trade (long) ended today making reasonable profit freeing our cash and since cash is trash, we have decided to take a small portion of short position in PSO. If our wave count is correct then we will reach buy zone of 360-350 which will be our target for this short sell trade setup. Risk/Reward ratio is not so promising on this one but we feel quite confident. Trade setup: Entry price: 377.50 Stop loss: 406 Target: 350 - 360 Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:PSOShort
by KayJay
MARI PROBABLY IN WAVE '' 4 '' ( TEAL COLOR )- LONGThis is in continuation to our ongoing tracking of MARI C or 3 wave structure. If the wave count is correct then we are in wave 4 of wave C or 3 which will most probably reach 661 - 627 range near which I've marked the buy zone. Trading wave 5 is a little tricky because there are multiple factors at play here therefore we will use cautious approach to trade this. Firstly predicating completion of wave 4 is very difficult, secondly chances of 5th wave failure are also present which means prices might not make a new high, thirdly is the proportion between the 2 and 4 wave (marked in teal color) in which case prices will not even reach the buy zone and will start rising from 680 level up. So here is how we gonna trade this, since we have already made profits from the last 2 waves of MARI that I published. We will not be taking full positions here but just a small chunk, we will just invest 25% of our investment here and will only enter long positions between 654 - 632 range . Although we have marked the buy range from 661 but we will only enter between 654 - 632 zone, if we don't get that price we are not trading this last leg up. Below 632 will increase the chance of 5th wave failure and if prices go below 611 then our entire wave count will get weaken. Trade setup: Entry price: 654 - 632 Stop loss: We are not marking any stop loss here because MARI has very strong fundamentals therefore we are bullish in it for the long term and since we our only taking 25% portion of our investment on this trade therefore we will hold them for our long term target of 1350 - 1500 just incase if the market goes against us. Target: Will update after completion of wave 4 Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:MARILong
by KayJay
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