IMAGE trade ideas
still Bullish on all Time frames.Evening Star formation on Daily TF.
However, it is still Bullish on all Time frames.
It is currently at Make-it or Break-it sitaution.
Next Support is around 17.90 - 18.50
On the flip side, 24.50 is an immediate resistance.
Image-Buyin entire 2024, Image traded in consolidation box. at the same time a cup & handle pattern also appeared on the chart. Now recently, it gave breakout of consolidation Box and cup & handle pattern with excessive volumes which shows strength of Bulls.
Buy at current Price
Target Price: Projection of Consolidation Box and Cup & Handle Pattern
SL: last LL.
IMAGE, Bullish RectangleBullish Rectangle
Inverted Bat Formation
Reversal from Rectangle Top at PRZ of Bat
Now making new bullish leg
Buy at Retracement
Buy Level 13-14
Target 17-17.50
SL 12.50
Buy on Bullish Closing above Rectangle
Hoping for the BEst17 - 17.50 is an important Resistance area.
Tomorrow's Closing above 15.40
may trigger further positivity.
15.20 - 15.30 can be the initial buying range
with a Stoploss of 13.67 (closing basis)
targeting 17 initially.
If 18.10 is Crossed & Sustained, we may
witness 23 - 24.
IMAGE- Buy OpportunityThe current analysis of IMAGE over a 4-hour time frame shows that it is trending upward, making HHs and HLs. But recently it has been going down for a major correction. Look for buy opportunity around support if it holds above the support levels. Or look for a buy if it breaks above the previous HH.
Image PSXImage script can shows great bullish momentum due to inside buy back of the shares, follow the trade plan according to give TP and SL.
IMAGE - PSX - Buy Call Fundamentally it is looking strong but in End June 2024 it gave negative earnings (loss). Therefore, it went downhill. However, recent inside buying of 2 Mil shares by its director suggest upcoming big earnings which are evident from quarterly report.
Technically, it has dropped below parallel channel. Now after bouncing from a strong support level, it is making a triangle pattern. If price breakout upwards from here, then we will see a very sharp up trend lasting for 2 to 3 weeks. If it bounces of the even lower support (as there is no bullish RSI divergence seen yet) then it will take some more time to reach TPs.
Therefore, it is expected to give 35% gain in 6 weeks.
My Trade Values:
Buy 1 (Instant) : 13.20 , Buy 2: 12.60 , Buy 3: 11.60
Stop Loss: 11.28
TP1: 15.60 , TP2:16.90 , TP3: 18.00
Monthly Closing is ImportantUnfortunately, it did not move as expected technically.
However, Monday's Closing is Important.
Those who are holding from High Side, and want Quick
Gain out of it, may bring their average price down by
Buying on Dips and Selling on Strengths.
BUT MONDAY'S CLOSING IS IMPORTANT! Lets Pray for the Best!
Image Ltd: Falling Wedge PatternImage Limited is currently in falling wedge which is bullish pattern, we can take buy entry after the break of HL. There is bullish diversion on RSI which is showing bulls can push the price high.
Bullish Divergence on Hourly TFBullish Divergence on Hourly TF
Bearish Flag Pattern completes around 12.50 - 12.70
Wait for few hourly candles at this level for Fresh Entry
IMAGEImage is currently testing its resistance level of around 14.25. Which can be considerable because Bullish candel is formed which leads price to next resistance of around 16.50 (target). Risk is defined below 13.
