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PSX
Index
fx
MARKET STATUS REPORT
Trend:
The market is moving SIDEWAYS for the moment. The bears have an upper hand, but the bulls are also not sleeping. On the other hand, we cannot say that the bears are very happy, but they do not want to change their positions yet. In fact, there is not much appetite for confirming bearish patterns.
Money Flow:
Currently, the bulls are stronger and more money is flowing into the market. You also have to know that the money waiting at the sidelines is not comfortable anymore. Sideliners are worried that they may be missing the bulls’ train.
OVERBOUGHT/OVERSOLD STOCKS
DEL
HALEON
CPHL
CHCC
CPPL
PKGS
DEL
Dawood Equities (KSE) [Overbought]
DEL
(KSE) [Overbought]
The chart above shows how
DEL
displayed a rally after the
BUY
signal which was issued on 03/09/2024. Since then, the gain in this stock stretched to a whopping 75%. We see, however, enough hints pointing to the fact that the conditions are now ripening for at least a market correction. Our system confirmed this emerging bearish mood by issuing a
SELL
signal. The signal has just been issued, so it is not late to run to safety by selling this stock. It is still early to say if this is a decisive market top or merely a correction but it is evidently the right time to take the profits in order to prevent any disappointment in the future.
Watch Recommended Stocks
Bought on
13/09/2024
CPPL
Cherat Packaging
Last Signal
BUY
Buy Level
105.62
Bought at
107.63
Close
108.00
Gain%
0.34
Sold on
13/09/2024
DEL
Dawood Equities
Last Signal
SELL
Sell Level
9.0150
Sold at
9.0000
Close
9.0000
Sold on
13/09/2024
HALEON
Haleon Pakistan
Last Signal
SELL
Sell Level
470.78
Sold at
468.02
Close
467.96
Gain%
-0.01
Bought on
12/09/2024
BCL
Bolan Castings
Last Signal
STAY LONG
Sell Level
86.31
Bought at
88.19
Close
86.31
Loss%
-2.13
Sold on
12/09/2024
KOHC
Kohat Cement Company
Last Signal
STAY IN CASH
Sold at
310.72
Close
300.43
Gain%
-3.31
Bought on
12/09/2024
NCL
Nishat Chunian
Last Signal
STAY LONG
Bought at
23.67
Close
23.60
Loss%
-0.30
Sold on
12/09/2024
RUBY
Ruby Textile Mills
Last Signal
STAY IN CASH
Buy Level
13.57
Sold at
14.38
Close
12.84
Gain%
-10.71
Bought on
11/09/2024
CEPB
Century Paper & Board Mills
Last Signal
STAY LONG
Sell Level
25.54
Bought at
25.15
Close
25.55
Gain%
1.59
Sold on
11/09/2024
DSIL
D.S.Industries
Last Signal
STAY IN CASH
Buy Level
4.8800
Sold at
4.9000
Close
4.8800
Gain%
-0.41
Sold on
11/09/2024
MARI
Mari Petroleum Company
Last Signal
STAY IN CASH
Buy Level
3544.52
Sold at
3586.20
Close
3536.83
Gain%
-1.38
Sold on
10/09/2024
FFBL
Fauji Fertilizer Bin Qasim
Last Signal
STAY IN CASH
Buy Level
46.07
Sold at
45.84
Close
45.93
Loss%
0.20
Sold on
10/09/2024
LSEVL
Lse Ventures
Last Signal
STAY IN CASH
Sold at
7.0000
Close
7.0000
Bought on
10/09/2024
RPL
Roshan Packages
Last Signal
STAY LONG
Bought at
17.68
Close
17.81
Gain%
0.74
Sold on
09/09/2024
ASTM
Asim Textile Mills
Last Signal
STAY IN CASH
Buy Level
14.38
Sold at
14.74
Close
12.97
Gain%
-12.01
Bought on
09/09/2024
PAKT
Pakistan Tobacco Company
Last Signal
STAY LONG
Sell Level
865.76
Bought at
864.99
Close
928.99
Gain%
7.40
Sold on
09/09/2024
SYM
Symmetry Group
Last Signal
STAY IN CASH
Sold at
10.24
Close
10.22
Gain%
-0.20
Sold on
06/09/2024
AGIC
Askari General Insurance Company
Last Signal
STAY IN CASH
Buy Level
20.52
Sold at
21.88
Close
20.20
Gain%
-7.68
Bought on
06/09/2024
KSBP
KSB Pumps Company
Last Signal
SELL
Sell Level
146.06
Bought at
132.26
Close
141.44
Gain%
6.94
Bought on
05/09/2024
TRG
Trg Pakistan
Last Signal
STAY LONG
Sell Level
51.51
Bought at
52.44
Close
53.06
Gain%
1.18
Sold on
04/09/2024
BAPL
Bawany Air Products
Last Signal
STAY IN CASH
Buy Level
39.43
Sold at
45.53
Close
34.99
Gain%
-23.15
Sold on
04/09/2024
FPJM
First Punjab Modaraba
Last Signal
STAY IN CASH
Buy Level
2.6000
Sold at
2.4600
Close
2.7000
Loss%
9.76
Bought on
04/09/2024
NRL
National Refinery
Last Signal
STAY LONG
Sell Level
211.41
Bought at
214.34
Close
211.41
Loss%
-1.37
Sold on
03/09/2024
BERG
Berger Paints Pakistan
Last Signal
STAY IN CASH
Buy Level
93.41
Sold at
95.86
Close
92.06
Gain%
-3.96
Bought on
03/09/2024
FTMM
First Treet Manufacturing Modaraba
Last Signal
STAY LONG
Sell Level
4.6000
Bought at
4.6400
Close
4.5300
Loss%
-2.37
Bought on
02/09/2024
FCEPL
Frieslandcampina Engro Pakistan
Last Signal
STAY LONG
Sell Level
60.12
Bought at
59.53
Close
61.03
Gain%
2.52
Bought on
30/08/2024
EFGH
EFG Hermes Pakistan
Last Signal
STAY LONG
Sell Level
21.06
Bought at
21.23
Close
22.78
Gain%
7.30
Sold on
29/08/2024
BOP
The Bank Of Punjab
Last Signal
STAY SHORT
Buy Level
5.0700
Sold at
5.2600
Close
5.0400
Gain%
-4.18
Bought on
27/08/2024
PCAL
Pakistan Cables
Last Signal
STAY LONG
Sell Level
135.04
Bought at
135.11
Close
143.34
Gain%
6.09
Sold on
22/08/2024
CWSM
Chakwal Spinning Mills
Last Signal
STAY IN CASH
Buy Level
104.50
Sold at
141.69
Close
99.30
Gain%
-29.92
Bought on
06/08/2024
MFL
Matco Foods
Last Signal
STAY LONG
Sell Level
24.32
Bought at
24.30
Close
24.95
Gain%
2.67
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Displayed information is based on widely-accepted methods of technical analysis based on candlestick patterns. All information is from sources deemed to be reliable, but there is no guarantee to the accuracy. Long-term investment success relies on recognizing probabilities in price action for possible future outcomes, rather than absolute certainty – risk management is critical for success. Error and uncertainty are part of any form of market analysis. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. Your financial adviser can give you specific financial advice that is appropriate to your needs, risk-tolerance, and financial position. Any trades or hedges you make are taken at your own risk for your own account.
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