FAUJI FOODS LTD
Panjang

FFL - PSX - Monthly Technical Analysis - SHARK Harmonic Pattern

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On monthly time frame FFL is following SHARK Harmonic pattern.
In the present bull run, prices are moving up swiftly.
125% gains in next 4 months are quite obvious.
One may take Swing trading for a week till TP-1 as RSI and KVO both suggests that TP-1 is quite easily possible. Then subsequently TP-2 as well. For TP-3 one may reenter the trade on dip expected after TP-2. However, January is always very bullish and one never knows if TPs are achieved much earlier.

Trade Values
Buy (Mkt): 16.30
TP-1: 18.52
TP-2: 23.06
TP-3: 30.33
TP-4: 36.56

Penafian

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