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Wednesday, August 28, 2019

Update: Wednesday, August 28, 2019



By: Stock Master
KSE100: After taking a bounce from predicted low, index surged back but faced resistance at DMA10. For bull run to continue, index must close above 30800 on daily basis.
For those in long positions should aim for profit taking between EMA 65 – 75 – 90 on charts of respective individual scrips. Closing above lower EMA set the target for next higher EMA while the lower one acts as support / stop loss. However, we expect market to come down in next few trading sessions. 

Tuesday, August 27, 2019

Update: Tuesday, August 27, 2019


Update: Tuesday, August 27, 2019
By: Stock Master

KSE100: Follow up on our prediction made on 21 August, the market reversed from predicted bottom between 30000 - 29900 to make a good intraday recovery - 29950 actual hit. 💪😎




Monday, August 26, 2019

Update Monday, August 26, 2019


Update Monday, August 26, 2019
By: Stock Master
Revision on trade calls of 26 July with reference to index high of 32100.



Symbol
Low
High @ 32100
Profit
Profit
DGKC
41.2
53.11
11.91
22%
ATRL
60
76.07
16.07
21%
SEARL
123
149.66
26.66
18%
ENGRO
222
265.62
43.62
16%
ASTL
15.41
18.78
3.37
18%
HBL
102.01
122.4
20.39
17%
MLCF
16.45
20.3
3.85
19%
LUCK
320.2
378.31
58.11
15%
HASCOL
38.25
44.34
6.09
14%
GTYR
37.05
44.52
7.47
17%
TRG
11.75
14.46
2.71
19%
PAEL
13.8
16.9
3.1
18%
EPCL
20.65
23.99
3.34
14%
EFERT
60.35
67.5
7.15
11%
HCAR
124
154.62
30.62
20%
PSMC
148.01
181.5
33.49
18%
PSO
126.25
145.7
19.45
13%
Average:
17%

Wednesday, August 21, 2019

Update Wednesday, August 21, 2019



By: Stock Master
1.  KSE100: 32100 Major intraday resistance required to break with in this week for winning streak to continue. Closing above 31200 will lead to weekly top of 32900-32100. Correction is expected from weekly top as it will overlap with Sep futures opening. 29900-30000 is expected support during correction phase which represents a good opportunity to short in weak sectors.

Saturday, August 17, 2019

Update Saturday, August 17, 2019



By: Stock Master
1.  KSE100: Weak session observed today being the lone and last trading day of the week. Actual market situation will clear on Monday when major players come online. We expect market to rest at support of 28500, failing which we may observe a free fall to 26000 in next few weeks.  Pak-India tensions at border are unexpected fuel to bearish sentiments which demand extra cautious risk management.
2.  HBL: Entire banking index is under pressure after news breakout about SBP penalizing four banks on AML/KYC deficiencies. As such, our initial expectation of PKR 110 was hit successfully but support failed to hold due to negative news break out. HBL shows good recovery today after hitting a low of 102.50 and then bouncing back as high as 107. We expect possible lowest support as PKR 100 and at extremely low RSI, do not advice to short sell. However, those in long position should hedge their risk accordingly just in case the index faces free fall.
3.  ISL: lowering of US interest rate made a positive impact on metal sector. As mentioned earlier, we warned against short selling and continue to iterate for same.