SNGP, Bearish Divergence on Target CompletionBullish Rectahgle Breakout
Projected Taregt Completed
Bearish Divergence Formation
Correction with RSI syncing Expected
Caution on taking long positions
SNGP trade ideas
SNGP BullishSNGP bounced back from Golden Zone 92.22 and expected to go up and its first target is 110
SNGP | Swing Trade SetupSNGP shows a symmetrical triangle pattern, which often indicates a breakout either upwards or downwards as the price narrows into a point. In this case, the price appears to be breaking out upwards, supported by strong bullish momentum. The chart has three clear target levels: TP1 at 81.50 PKR, TP2 at 93 PKR, and TP3 at 104.64 PKR. This suggests a potential for significant upside if the breakout is sustained. Historically, the stock was in a strong downtrend from 2017 to 2020, followed by a long consolidation phase, and is now showing signs of recovery with possible upward continuation.
SNGP BREAKOUT BULLISH FLAG PATTERNSNGP has given breakout on daily charts good opportunity for buying at current levels
Bullish Divergence on Shorter TF.Crossing & Sustaining 82 will lead it towards 100+
Bullish Divergence on Shorter TF.
Currently, 60.50 seems to be an Important
Support level that should be respected on Monthly TF
with Immediate Resistance around 78 - 80.
Should not Break 57 on Weekly Basis.
PSX - SNGP - Bullish1. No Divergence
2. Bullish Trend but unable to make another HH
3. Didn't broke HL as well
Expected to stay Bullish
SNGPSNGP is hovering above 200 day EMA, a possible pull back can be expected from 61 which is supporting trend line. Initial resistance lies around 65.70 while secondary resistance lies around 67.30.
SNGP🚀 Stock Alert: SNGP
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Range: 66.50-66.75
🎯 First Target: 68
🎯 Second Target: 70
🎯 Third Target: 72
⚠ Stop Loss: 65
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
SNGP in ABCD patternSNGP is forming ABCD reversal pattern. Point D is possible reversal zone.
Trade has been set considering price will break point B
SNGP | Adam & Eve PatternSNGP displays a promising bullish reversal pattern characterized by the formation of an ADAM and EVE pattern. Our plan entails accumulating the stock within the designated buy back zone (64-65.50 range), while setting stop loss orders below the bottom of EVE to manage risk effectively.
Anticipation builds for a substantial surge in momentum upon the breakout from the neckline, anticipated around the 69.10 area. To guide our trading decisions, we've delineated two distinct targets: an immediate target around 72 and a final target for exiting the trade will be around 75.90.
It is paramount to approach trading with caution and adhere to sound money management principles. Your insights and perspectives on SNGP are encouraged.
Trade on LevelsBuy1 around 57.50 - 58.70 | Sell around 62
Buy2 around 55.20 - 56 | Sell around 60
Stoploss 55 (Closing Basis)
Impact of News or Technicals Only?Buy with Stoploss 55 (on closing basis)
and Sell around 65 then 68
Morning Star FormationBullish Divergence on Hourly & 4H TF
Morning Star Formation
Still Bullish on Monthly TF
SNGPBullish on Weekly as well as
Monthly TF
On Weekly TF, it is a Breakout from 56 -57
level & it may re-test this level.
SNGPIn The last trading session SNGP breaks it's resistance level of 69 and gives closed above at 70 which indicates more upward opportunities in the price. Target level is around 84.
SNGP rejectingSNGP shows rejection after making high of 47.90 and currently closes at 46.72. Pull back is expected at the support level of 44.56
SNGPSNGP is currently testing its resistance at 46.65, but it may encounter resistance and face potential rejection at this level. The second resistance level is situated at 48.45. The primary support level is at 43.90, with a secondary support at 41.
