📈 TCORP (Tariq Corporation Ltd – Hussein Sugar)
TCORP has triggered a classic bullish reversal pattern with a clear breakout from an Inverse Head & Shoulders formation on the daily chart. After forming a solid base with the Left Shoulder, Head, and Right Shoulder, the price has now convincingly broken above the neckline near PKR 14.80–15.00, confirming the pattern.
The current breakout candle, closing at PKR 15.30 with a gain of +5.15%, is backed by improving volume—adding strength to the bullish case. This pattern generally suggests a trend reversal from downtrend to uptrend, and based on the measured move from the head to the neckline, the projected target lies between 21–22, as indicated on the chart.
As long as the price sustains above the neckline zone (now turned support), this setup remains active and valid. A short-term retest of the breakout zone could offer a potential entry point for late movers, while momentum traders may look to ride the trend up to the target area.
In summary, TCORP is showing strong technical momentum after confirming a textbook reversal pattern. With a well-defined structure and upside target in sight, the stock looks poised for a potential move toward 21–22 in the coming sessions.
TCORP has triggered a classic bullish reversal pattern with a clear breakout from an Inverse Head & Shoulders formation on the daily chart. After forming a solid base with the Left Shoulder, Head, and Right Shoulder, the price has now convincingly broken above the neckline near PKR 14.80–15.00, confirming the pattern.
The current breakout candle, closing at PKR 15.30 with a gain of +5.15%, is backed by improving volume—adding strength to the bullish case. This pattern generally suggests a trend reversal from downtrend to uptrend, and based on the measured move from the head to the neckline, the projected target lies between 21–22, as indicated on the chart.
As long as the price sustains above the neckline zone (now turned support), this setup remains active and valid. A short-term retest of the breakout zone could offer a potential entry point for late movers, while momentum traders may look to ride the trend up to the target area.
In summary, TCORP is showing strong technical momentum after confirming a textbook reversal pattern. With a well-defined structure and upside target in sight, the stock looks poised for a potential move toward 21–22 in the coming sessions.
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.