Bearish Divergence on Weekly TF but..Bearish Divergence on Weekly TF.
However, Breakout on Daily TF from 452 - 453.
Weekly Closing above this level would
be a positive sign.
Upside Targets can be around 495 - 500
& if this level is Sustained, with Good
Volumes , we may witness 540 - 550.
Should not break 400, otherwise, we may see
heavy Selling pressure.
Bullish on All Time Frames.Bullish on All Time Frames.
Monthly Closing above 211 - 212 would
be very positive for OGDC.
Retested the Previous Breakout Level
around 194 - 195.
Hidden Bullish Divergence on Daily Tf.
227 - 228 is the Weekly Resistance that
seems to break this time.
If this level is Sustained, we may witness
250+ initially.
FCEPL*The price action is forming an ascending triangle, which is generally a bullish continuation pattern.
*The RSI at the bottom shows market momentum and potential overbought/oversold conditions.
*Bullish Strategy: Buy after a breakout above 93 , with targets at 111 and 117.
*Bearish Scenario: If the price fails to break out and falls below 75
it could invalidate the bullish pattern, leading to further downside.
MTL*Head & Shoulders Pattern: A potential head and shoulders pattern is visible, which is a bearish reversal structure
but still no any negative sign RSI moving in range between 30-70
*Safe Buying Zone: Marked around 615-620 , indicating a breakout level where price stability could confirm an upward move.
*Bullish Approach: Buy if price sustains above 615-620 with targets toward 640 and 680
*Bearish Approach: If the price breaks below 474.73 , it could confirm the head and shoulders breakdown, leading to a further drop.
ISLCurrent Price: The stock is currently trading at 78.06
Safe Entry Point: A safe entry for a swing trade is suggested after 89-90
*Head and Shoulders Pattern:
If the price breaks below the current level and fails to show strength, it could drop further toward the Head & Shoulders target of 60.85
A downward movement (red arrow) represents this bearish scenario.
*Bullish Scenario:
If the stock shows positive signs (such as increased volume, breakout confirmation), it could bounce back up.
A breakout above 89-90 could push the price towards 101.21
Bullish on Monthly TF.Bullish on Monthly TF.
Though HL Confirmed on Bigger TF but Important
to Cross & Sustain 730 & if this level is Crossed with
Good Volumes, we may witness 770 - 775 initially.
On the flip side, 640 - 645 may act as Immediate
Support.
It should not break 608, otherwise we may witness
more Selling Pressure towards 550 - 570.
No Bearish Divergence Yet!Bullish on Monthly TF.
Though HL Confirmed on Bigger TF but Important
to Cross & Sustain 730 & if this level is Crossed with
Good Volumes, we may witness 770 - 775 initially.
On the flip side, 640 - 645 may act as Immediate
Support.
It should not break 608, otherwise we may witness
more Selling Pressure towards 550 - 570.
Play On LevelsRetested the Breakout Level around 180 - 185 &
Closed just above a Very Important fib level around
188.
But, 188 - 195 is Very Important Resistance as of now.
If 195 is Crossed with Good Volumes, 212 - 215 can be
touched initially.
Couple of Positive Weekly Candles with comparatively good
volumes may confirm HL on Monthly basis.
On the flip side, 175 - 184 is a Support Zone & also Double
Bottom around 175 - 176, so Short Term Traders may
expect a bounce from this level.