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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 can say that there are considerable signs of unrest among the bears. They may be seriously considering taking long positions, too. In fact, there is not much appetite for confirming bearish patterns.
Money Flow:
Currently, the bulls are slightly stronger but the flow of money is rather balanced. 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
SHSML
HWQS
ALTN
CYAN
DAWH
KHTC
SHSML
Shahmurad Sugar Mills (KSE) [Overbought]
SHSML
(KSE) [Overbought]
The chart above shows how
SHSML
displayed a rally after the
BUY
signal which was issued on 11/03/2024. Since then, the gain in this stock stretched to a whopping 7%. 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
18/03/2024
CYAN
CYAN
Last Signal
BUY
Buy Level
24.98
Bought at
25.15
Close
25.15
Bought on
18/03/2024
DAWH
Dawood Hercules Corporation
Last Signal
BUY
Buy Level
122.37
Bought at
123.05
Close
123.79
Gain%
0.60
Sold on
18/03/2024
SHSML
Shahmurad Sugar Mills
Last Signal
SELL
Sell Level
400.00
Sold at
396.47
Close
391.78
Gain%
-1.18
Bought on
15/03/2024
BIPL
Bankislami Pakistan
Last Signal
STAY LONG
Bought at
22.64
Close
22.76
Gain%
0.53
Sold on
15/03/2024
KTML
Kohinoor Textile Mills
Last Signal
STAY IN CASH
Buy Level
84.17
Sold at
84.39
Close
83.34
Gain%
-1.24
Bought on
15/03/2024
PKGP
Packgen Power
Last Signal
STAY LONG
Bought at
46.86
Close
48.85
Gain%
4.25
Bought on
14/03/2024
ALTN
Altern Energy
Last Signal
STAY LONG
Sell Level
23.22
Bought at
20.16
Close
23.56
Gain%
16.87
Bought on
14/03/2024
ATBA
Atlas Battery
Last Signal
STAY LONG
Sell Level
252.22
Bought at
253.92
Close
253.32
Loss%
-0.24
Sold on
14/03/2024
CWSM
Chakwal Spinning Mills
Last Signal
STAY IN CASH
Sold at
43.16
Close
42.51
Gain%
-1.51
Sold on
13/03/2024
CSAP
Crescent Steel & Allied Products
Last Signal
BUY
Buy Level
71.92
Sold at
70.54
Close
74.28
Loss%
5.30
Bought on
13/03/2024
HALEON
Haleon Pakistan
Last Signal
STAY LONG
Sell Level
193.33
Bought at
196.89
Close
189.01
Loss%
-4.00
Bought on
13/03/2024
MFL
Matco Foods
Last Signal
STAY LONG
Sell Level
29.76
Bought at
27.40
Close
30.23
Gain%
10.33
Sold on
13/03/2024
NETSOL
Netsol Technologies
Last Signal
STAY IN CASH
Buy Level
129.87
Sold at
124.70
Close
124.45
Gain%
-0.20
Sold on
12/03/2024
ENGRO
Engro Corporation
Last Signal
STAY IN CASH
Buy Level
335.98
Sold at
338.26
Close
334.02
Gain%
-1.25
Sold on
11/03/2024
AGL
Agritech
Last Signal
STAY IN CASH
Buy Level
17.70
Sold at
18.28
Close
17.70
Gain%
-3.17
Bought on
11/03/2024
DOL
Descon Oxychem
Last Signal
STAY LONG
Bought at
20.76
Close
21.06
Gain%
1.45
Sold on
11/03/2024
SCBPL
Standard Chartered Bank Pakistan
Last Signal
STAY IN CASH
Sold at
38.72
Close
34.95
Gain%
-9.74
Sold on
08/03/2024
MCB
MCB Bank
Last Signal
STAY IN CASH
Buy Level
200.29
Sold at
200.83
Close
186.71
Gain%
-7.03
Sold on
08/03/2024
MUREB
Murree Brewery Company
Last Signal
STAY IN CASH
Buy Level
357.50
Sold at
366.69
Close
359.48
Gain%
-1.97
Sold on
07/03/2024
PIL
Picic Insurance
Last Signal
STAY IN CASH
Buy Level
2.6500
Sold at
3.2400
Close
2.3000
Gain%
-29.01
Bought on
06/03/2024
BIFO
Biafo Industries
Last Signal
STAY LONG
Sell Level
99.50
Bought at
95.69
Close
102.42
Gain%
7.03
Sold on
06/03/2024
FATIMA
Fatima Fertilizer Company
Last Signal
BUY
Buy Level
37.46
Sold at
37.52
Close
37.49
Gain%
-0.08
Sold on
06/03/2024
KOSM
Kohinoor Spinning Mills
Last Signal
STAY IN CASH
Buy Level
4.7600
Sold at
5.4400
Close
4.7600
Gain%
-12.50
Bought on
06/03/2024
TPLI
TPL Insurance
Last Signal
STAY LONG
Bought at
11.98
Close
12.29
Gain%
2.59
Sold on
05/03/2024
MARI
Mari Petroleum Company
Last Signal
STAY IN CASH
Buy Level
2430.11
Sold at
2499.89
Close
2445.67
Gain%
-2.17
Sold on
05/03/2024
MZNP-ETF
Meezan Pakistan ETF
Last Signal
STAY IN CASH
Buy Level
12.60
Sold at
12.68
Close
12.60
Gain%
-0.63
Sold on
29/02/2024
AGP
AGP
Last Signal
STAY IN CASH
Buy Level
69.85
Sold at
76.52
Close
69.90
Gain%
-8.65
Bought on
27/02/2024
CTM
The Crescent Textile Mills
Last Signal
STAY LONG
Sell Level
13.60
Bought at
13.59
Close
13.30
Loss%
-2.13
Sold on
27/02/2024
PCAL
Pakistan Cables
Last Signal
STAY IN CASH
Buy Level
126.26
Sold at
138.84
Close
125.82
Gain%
-9.38
Sold on
22/02/2024
GLAXO
Glaxo SmithKline Pakistan
Last Signal
STAY IN CASH
Buy Level
85.06
Sold at
87.70
Close
84.94
Gain%
-3.15
Sold on
22/02/2024
HINOON
Highnoon Laboratories
Last Signal
STAY IN CASH
Buy Level
505.12
Sold at
521.69
Close
507.60
Gain%
-2.70
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