PSX LONG TRADE (SECOND STRIKE) on LTF
PSX embarked uptrend bandwagon in Sep 2024. It made a high of 36 and went into pullback/correction.
PSX has reversed up in Spike & Gap Pattern – after completing all reversal events like AR, SC, ST, it has shown reversal supported by Volume Spread. It had a healthy pullback, during which we guided to Buy Low and Sell High. Now it is ready for a Swing Trade.
🚨 TECHNICAL BUY CALL – PSX🚨
BUY1: 26.66
BUY2: 26.00
BUY3: 25.67
📈 TP1 : Rs. 29.4
📈 TP2 : Rs. 32.8
📈 TP3 : Rs. 35.96
🛑 STOP LOSS: BELOW Rs. 23.5 (Daily Close)
📊 RISK-REWARD: 1:4.6
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
PSX embarked uptrend bandwagon in Sep 2024. It made a high of 36 and went into pullback/correction.
PSX has reversed up in Spike & Gap Pattern – after completing all reversal events like AR, SC, ST, it has shown reversal supported by Volume Spread. It had a healthy pullback, during which we guided to Buy Low and Sell High. Now it is ready for a Swing Trade.
🚨 TECHNICAL BUY CALL – PSX🚨
BUY1: 26.66
BUY2: 26.00
BUY3: 25.67
📈 TP1 : Rs. 29.4
📈 TP2 : Rs. 32.8
📈 TP3 : Rs. 35.96
🛑 STOP LOSS: BELOW Rs. 23.5 (Daily Close)
📊 RISK-REWARD: 1:4.6
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
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.