Sentiment Cycle

A very useful chart to explain the psychology of investors behind investing in stock markets. In karachi stock exchange, i think the investors and traders are somewhere between fear and desperation right now. I hope they don't have to see the fear of the market. 

Pak Electron 11th March 2015

Today's candle penetrated more than 50% into the bearish candle formed yesterday with good volumes which should be bottom reversal in this script. On the other end, closing below the low of this candle will resume the downwards journey again. 

Efoods failed window closure 06/03/15

Window could not be closed. 128.55 should a good resistance now to break. 

PAEL 05th March 2015

Somewhere between near doji and hammer. needs confirmation tomorrow.

Efoods Holding on!! 27thfeb 2015

Closed 129.19, just above 129 which is the the downward window support. 

Trend for last four months of pael (25thfeb 2015)

Trend of pael from last four months on last week of future contract. 

Humnetwork 18thFeb 2015

Good support at 15.20. 

Hum Network 03th February 2015

Isnt it a lovely cup and handle for a perfect coffee?
Just closed above the resistance of 18 with good volumes, lets see if it will sustain to achieve target of 22. 

Efoods 26thJanuary 2015

Humnetwork 25th January 2015

HINOPAK Cup And Handle Formation (continuation pattern)

Daily chart of hinopak motors. the left side of the cup made a high of 1000, support came at 800 and again tested 1000 recently forming right cup but failed forming a perfect cup. A pull back was witnessed today which is forming the handle which should be the final consolidation before the breakout of 1000.

Breakout of 1000 if achieved with good/substantial volumes will result in the script move towards 1200 which is the distance from the bottom of the cup to the high of right side of the cup.

Pakistan Oil Limited POL Double Bottom Formation

The script formed a low of 360 on 17/12/14, went to a peak of 403 on 24/12/14 and formed another low of 364 on 7/1/15 with volumes of 1469100 on first low and volumes of 853800 on second low. In order to double bottom to be formed, the script has to close above 403 with high volumes which will become its support level and will test if formed in coming days as well. 

The OBV is also increasing with the trend suggesting volumes are increasing. 

Chaikin money flow 

Accumulation and Distribution graph took a bottom and moving upwards. 

If the resistance of 403 is broken and sustained, it should target 443 in coming days then.