MARI - PSX - Trading in Sideways Trend for 20% gain
MARI is moving between 660 to 740 over the past one month or so.
KVO is dipping which suggests a further dip in price. RSI is also dipping much below Zero level.
Therefore, I'm eager to see it test 610 level once more. However, this is No 1 Stock of PSX and may attract Buyers at any time. Therefore, I'll buy in steps to make sure I have the stocks at lower rates.
Trade Values
Buy-1: 660
Buy-2: 640
Buy-3: 620
Buy-4: 610
TP-1: 708
TP-2: 720
TP-3: 735
SL: 600
Buy-5: 760 (Once price moves above this parallel channel sufficiently)
SL-5: 745
KVO is dipping which suggests a further dip in price. RSI is also dipping much below Zero level.
Therefore, I'm eager to see it test 610 level once more. However, this is No 1 Stock of PSX and may attract Buyers at any time. Therefore, I'll buy in steps to make sure I have the stocks at lower rates.
Trade Values
Buy-1: 660
Buy-2: 640
Buy-3: 620
Buy-4: 610
TP-1: 708
TP-2: 720
TP-3: 735
SL: 600
Buy-5: 760 (Once price moves above this parallel channel sufficiently)
SL-5: 745
Dagangan aktif
Due to FALSE news fire breakout at MARI Dharki plant, the share price has dropped significantly. This was a NEWS event which cannot be predicted through technical analysis. Therefore, once this clarification is circulated to all brokers and individuals then confidence will be restored, and we should see a good buying in afternoon and tomorrow session.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.