Sazgar Engineering Works Limited
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SAZEW - PSX - Technical Analysis

907
On daily TF, after a phenomenal bull run, SAZEW has retraced Fib 25%.
Anchored Volume Profile has been used to identify the area of maximum participation (Volume).
Since Fib 30% and Fib 38% also coinciding with a big participation, therefore, it should test 1730 and then 1670. If price continues to go down then it will test Fib 55% to 60% zone.
Technically correct and very safe buying in expected bull run is 2075. However, buying at discounted level of 1645 or 1485~1500 are also very good.
However, buying at nearest support of 1720 may be a risky affair.
Although RSI suggest a small hidden bullish divergence which might take prices a bit up till 1890 where exists a strong resistance as well. Therefore, risking for mere 5% gain is not logical.

Giao dịch đang hoạt động
1673 is a good price to buy a little qty here. But I'm eying below 1645 to initiate my buy.
Ghi chú
Earlier the price retraced till 1610. However, I bought at 1630. Sold at TP-1 @ 2000 booking 22% profit.
Now waiting for price to cross to previous HH of 2075 to initiate Buy-3 and will likely to book profit at TP-3 around 2500.
Đóng lệnh: đạt mục tiêu
TP-2 also reached. Although the SCRIPT has the potential to reach 2600 also, with slight modified TP-3 @ 2400 I booked out all profit.

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