Hidden Bullish Divergence on Bigger tf.HTL Closed at 44.65 (13-05-2025)
Hidden Bullish Divergence on Bigger tf.
If 41 is not Broken, we may witness
upside towards 46.50 - 47 & then
50 to 55.
HTL trade ideas
HTL LONG TRADEHTL has been in uptrend since Feb 2024, it has been pulling back since Dec same year.
It has recently established Spring at major support level of 32.
Spring can also be called Liquidity Sweep/BearTrap/ShakeOut/False Breakout.
As explained several times, that the phenomenon is a precursor to uptrend.
Though HTL seems primed for much awaited Breakout which will be at 41, buying before that level is not recommended at all.
BUY HTL ONLY IF BREAKS ABOVE 41
TP1 46.6
TP2 51.6
TP3 58.1
SL BELOW 36
Bullish Divergence on Monthly TF.Bullish Divergence on Monthly TF.
However, a Very Strong Resistance is around
44 - 45.
39.50 - 40 may act as a Daily Support Level but
it resisted twice from 42.
34.50 - 36.50 seems to be a Strong Support which
is also a Confluence area of 2 Important Tools.
HTL - PSX - Daily TF - Buy Trade CallA textbook Reverse Head & Shoulder pattern has been made by the price candles on Daily time Frame. Neck line of H&S is about to be broken. Once it does so and there is no sign of reversing by making Double Top formation then Buy call is in Order.
Klinger Volume Indicator is above zero level and is facing upward almost vertically, indicating a sharp bull run. RSI indicator also close to 70 line, indicating that bulls are in control.
Trade Values
BUY : 43.50
SL: 32.36 (Just below previous HL)
TP: 51.70
TP2: 58.57
HTL has submitted breakoutHTL has submitted breakout on daily charts, price is already in uptrend buying is recommended at current levels.
HTLHTL - Buy Call
Stock Summary : HTL closed at PkR34.70 and suggests a potential bullish reversal. It’s approaching the lower Bollinger Band, indicating that the downside may be limited, while the William percentage indicator suggests that the stock is 70% oversold, indicating a reversal stance.
Recommendation : Initiate buying positions on weakness or near the support zone and set stop losses below PkR33.23 to manage risk effectively. Initial target is at 35.52 and secondary target is at 36.33
HTL | Bullish TrendHTL Swing Trade Setup - Daily Time Frame:
The price action is in uptrend making higher highs and higher lows. Whenever the price tests 50-day Moving Average its bounce back and currently it hovering above it. Long position can be consider for the target of 42.60 and upon break & sustain condition it can test 48. Use stop loss just below previous swing low at 35.
HTLWe can attempt to buy HTL from specified level as it breaks range/consolidation box indicate that it move upward.
SL , TP mention in chart.
HTL-PSX HTL is in consolidation box place a buy stop at 28 with avg buy at 24.5
SL 21
TP 30.5
manage your risk accordingly
HITECH LUBRICANT | Weekly Scale | Inverted HnS PatternHTL has just broken its downward trend after the formation of an inverted head and shoulder pattern (bullish reversal). We are currently witnessing a bullish trend with a first upside target of 36 and 37.
Dynamic support (EMA) can be used as a stop-loss for any long position.
HTL is BullishHTL has broken out from the accumulation phase and is ready for a bullish rally which would be considered a trending phase as per Dow theory, targets are mentioned on the chart. However, it could take weeks to hit the targets, so plan your trades accordingly.
PSX: HTL Retracement is ending.On daily time frame the Hi-Tech Lubricant showed a recovery after long down trend at the start of October 2023. From around 22 it gained more than Rs.8 . It than went into retracement phase. Yesterday It printed a green candle and today ( 2:30 pm) still in green zone. The volume has been very thin for the day on hourly chart, Wyckoff-ians can understand the significance,
so it induces the idea it is coming out of clouds and this can be a good time to take position in it.
Trade Plan
SL 24.50
TP 1 32.77
TP 2
Entry Price 29
Falling wedge breakoutBreakout on weekly chart ,and double bottom now consolidating for next bull move ,sl 23 tp 30
