MUGHAL | Bullish RecoveryAccumulation Range @ 69.50-69.80
Target 1 @ 72.50-72.85
Target 2 @ 76.50-77.00
Target 3 @ 84.50-85.00
Stoploss @ 65.50
MUGHAL trade ideas
Mughal Steel – Multi-Timeframe Technical Analysis🔍 Mughal Steel – Multi-Timeframe Technical Analysis
I’ve been closely analyzing Mughal Steel, and the current structure across Yearly and Monthly timeframes is showing a strong bullish setup with significant upside potential. Here's a quick breakdown:
📅 Yearly Timeframe Insights:
Price has reacted from a Yearly Bullish Fair Value Gap (FVG) — a key zone where institutional buying often occurs.
A Protected Swing Low is now in place. Based on the structure, I do not expect price to trade below this low.
2023 swept 2022’s low, but closed inside the FVG, suggesting accumulation by smart money.
2024 closed above 2023’s high, confirming a bullish shift.
2025 has swept 2024’s low and is now aggressively moving toward upside liquidity.
Upside Target: 2024 high at 96.69, which would represent a potential 48% move from current levels.
📆 Monthly Timeframe Confirmation:
The protected low must hold — it serves as a critical level for bullish continuation.
I believe price will not revisit this low due to strong structural support.
We’ve seen multiple failed attempts by sellers (swing failures) above — indicating weakening bearish pressure.
No significant resistance exists above, clearing the path for a strong bullish move.
📈 Conclusion:
With no resistance overhead, a protected structure, and bullish momentum building, Mughal Steel is presenting a high-probability opportunity for upside expansion. I'm watching closely as price targets 96.69 in the coming months.
#TechnicalAnalysis #MughalSteel #StockMarket #TradingInsights #PriceAction #Investing #PakistanStockExchange
Cup & Handle FormationMUGHAL Analysis
Closed at 66.44 (24-06-2025)
Crossing & Sustaining 98 - 102 with Good
Volumes may result in further upside
towards 150+
However, it should not break 52 now.
Beautiful ABCD pattern appearing on bigger tf.Beautiful ABCD pattern appearing on
bigger tf.
Crossing 101 - 102 with Good Volumes may
trigger new highs towards 120 atleast.
78 - 80 is an Immediate Resistance area.
On the flip side, a Very Strong Support is
around 68 - 70 & then around 62 - 63
MUGHAL - Following its ChannelBreakout may happen at 92 and we may see Mughal touching 130 (Channel top) once again. What happens if it breaks Channel top resistance this time? We'll see later :)
This is not a buy / sell call, just my own opinion.
LONG MUGHALLonged MUGHAL. Bought spot shares, no leverage. Resting above weekly support, broken down trend. Entry, Stop Loss and Exit all there. Will take a while to play out. Patience is always rewarded. Worth a punt!
Will update in due time.
Manage your risk! #DYOR
MUGHAL - PSX - Technical Analysis - Cup & Handle PatternOn daily TF, after making the cup and handle pattern, now the price is moving in upward direction.
Buying at CMP (to gain more profit) and after breaking of neck line (technically better entry) is recommended.
Trade Values
Buy-1: 87.39 (CMP)
Buy-2: 100.42 (On breaking of neck line)
TP-1: 160.86
TP-2: 222.65
SL: 75.23
Potential Buying Zone (Daily)This might be a potential buying zone (small chunk) for the following reasons:
1. Target of H&S completed.
2. Weekly support.
3. EMA 144 - 200.
Note: I'm a learner and I'm reusing my learned tools after a very long time. Let me know if I can improve or if you have any suggestions.
Make it or Break it...72.10 is Important to Sustain on weekly basis
to move towards upside.
& 77 is a Strong Resistance level.
On the flip side, 65 - 66 is a Strong Support area
that should be respected.
MUGHAL, Double Bottom with Bullish DivergenceTrendline Retest
Double Bottom Formation
Bullish Divergence
Bullish Moment Expected
Strict Stoploss @ 75
Initial Target 100
MUGHAL has generated bullish signalMUGHAL is showing bullish sign near trend line, after correction it is looking attractive for buying at current levels.
Mughal Long positionCup and handle formation. All the targets are mentioned on the charts. Long term target is PKR 145.
Mughal - PSX- Bullish Bat PatternIn daily time frame a bullish Bat pattern is forming in Mughal Steel, a buy trade can be taken at current price of 78 - 80, stoploss below 74 ,
MUGHAL | Bullish Symmetrical PatternAfter completing bullish symmetrical triangle pattern, MUGHAL retraces 38.2%, Possible pull back is expected towards previous top of 100 (target) with the stop loss just below precious support around 80.
Bearish DivergencesShould wait for an Entry near
75 - 77. Stoploss in this case
should be 74 on Closing basis.
MUGHAL | Parallel ChannelMUGHAL is at break out level with bullish momentum. If it breaks and sustains above 82 then the completion of parallel channel occurs at 88. Exercise caution and monitor closely.
MUGHALWe can attempt to buy MUGHAL from specified level as it gives breakout of yellow box , also trading in bullish rectangle pattern (continuation pattern) , also there is no bearish divergence at current levels.
SL , TP mention in chart
MUGHAL iron & STEEL #Pakistan Stock ExchangeTrend seems positive and if It hold candle above 75 Rupees , then we can see it may go to 110 Rupees.
Trend seems quit positive.
MUGHAL is forming AB=CD harmonic pattern in 1week time frameMUGHAL is forming AB=CD harmonic pattern in 1week time frame
MUGHALMUGHAL Buy from specified levels (trendline support , 0.5 FIB intact)
SL , TP mention in chart
MUGHAL is BullishPrice has broken previous lower high and bulls seem to be in control of the price action. A higher low is defined earlier which will be followed by a higher high, which according to Dow theory marks the beginning of a bullish rally. Targets are mentioned on the chart.
MUGHAL🚀 Stock Alert: MUGHAL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 61.50 - 62.50
🎯 First Targets : 65
🎯 Second Targets : 67.50
⚠ Stop Loss: 59.50
⏳ Nature of Trade: Scalping
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Technical View: MUGHAL is presently undergoing testing of its 200-day moving average (DMA) and is approaching its channel trendline support level near 62. Vigilance and close monitoring are advised; a failure to sustain this level may precipitate further downside movement. Conversely, in the event of a pullback, initial and secondary resistance are situated around 65 and 67.50, respectively.
