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PSX
Index
fx
MARKET STATUS REPORT
Trend:
The market is moving SIDEWAYS for the moment. The bulls have an upper hand, but the bears 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
THCCL
POWER
HASCOL
REDCO
PIL
MUGHAL
1UDL
GAMON
THCCL
Thatta Cement Company (KSE) [Overbought]
THCCL
(KSE) [Overbought]
The chart above shows how
THCCL
displayed a rally after the
BUY
signal which was issued on 15/11/2024. Since then, the gain in this stock stretched to a whopping 35%. 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
21/11/2024
MUGHAL
Mughal Iron & Steel Industries
Last Signal
BUY
Buy Level
70.32
Bought at
70.78
Close
71.98
Gain%
1.70
Bought on
21/11/2024
PIL
Picic Insurance
Last Signal
BUY
Buy Level
1.7000
Bought at
1.7200
Close
1.9700
Gain%
14.53
Sold on
21/11/2024
POWER
Power Cement Ordianry
Last Signal
SELL
Sell Level
7.4900
Sold at
7.4400
Close
7.2700
Gain%
-2.28
Sold on
21/11/2024
THCCL
Thatta Cement Company
Last Signal
SELL
Sell Level
149.84
Sold at
148.70
Close
148.40
Gain%
-0.20
Bought on
20/11/2024
CHCC
Cherat Cement Company
Last Signal
STAY LONG
Sell Level
281.97
Bought at
279.90
Close
282.74
Gain%
1.01
Sold on
20/11/2024
CPHL
Citi Pharma
Last Signal
STAY IN CASH
Buy Level
46.20
Sold at
46.14
Close
46.15
Loss%
0.02
Sold on
20/11/2024
MARI
Mari Petroleum Company
Last Signal
STAY IN CASH
Sold at
460.77
Close
455.13
Gain%
-1.22
Bought on
19/11/2024
SBL
Samba Bank
Last Signal
STAY LONG
Bought at
10.01
Close
10.34
Gain%
3.30
Sold on
19/11/2024
SIEM
Siemens Engr Pak
Last Signal
BUY
Buy Level
1509.97
Sold at
1485.23
Close
1510.00
Loss%
1.67
Sold on
19/11/2024
SSGC
SUI Southern Gas Company
Last Signal
STAY IN CASH
Sold at
26.80
Close
24.53
Gain%
-8.47
Bought on
18/11/2024
ASC
Al Shaheer Corporation
Last Signal
STAY LONG
Sell Level
5.5300
Bought at
5.3200
Close
5.6600
Gain%
6.39
Bought on
18/11/2024
BCL
Bolan Castings
Last Signal
SELL
Sell Level
91.40
Bought at
89.10
Close
90.09
Gain%
1.11
Sold on
18/11/2024
DSIL
D.S.Industries
Last Signal
STAY IN CASH
Sold at
9.0550
Close
7.7900
Gain%
-13.97
Sold on
18/11/2024
HAEL
Hala Enterprise
Last Signal
BUY
Buy Level
18.63
Sold at
18.24
Close
20.24
Loss%
10.96
Sold on
15/11/2024
AHL
Arif Habib
Last Signal
BUY
Buy Level
42.73
Sold at
48.79
Close
42.88
Gain%
-12.11
Bought on
15/11/2024
FECM
First Elite Capital Modaraba
Last Signal
STAY LONG
Sell Level
6.3500
Bought at
6.3500
Close
6.5600
Gain%
3.31
Bought on
14/11/2024
BAPL
Bawany Air Products
Last Signal
STAY LONG
Bought at
28.88
Close
31.24
Gain%
8.17
Sold on
13/11/2024
BNWM
Bannu Woollen Mills
Last Signal
STAY IN CASH
Buy Level
39.75
Sold at
40.74
Close
38.04
Gain%
-6.63
Sold on
12/11/2024
OTSU
Otsuka Pakistan
Last Signal
STAY IN CASH
Buy Level
155.56
Sold at
166.16
Close
143.63
Gain%
-13.56
Bought on
12/11/2024
SCBPL
Standard Chartered Bank Pakistan
Last Signal
STAY LONG
Sell Level
50.00
Bought at
50.00
Close
50.40
Gain%
0.80
Sold on
11/11/2024
EFGH
EFG Hermes Pakistan
Last Signal
STAY IN CASH
Buy Level
73.18
Sold at
67.45
Close
73.18
Loss%
8.50
Bought on
11/11/2024
KHTC
Khyber Tobacco Company
Last Signal
STAY LONG
Bought at
259.70
Close
256.79
Loss%
-1.12
Bought on
11/11/2024
TCORP
Tariq Corporation
Last Signal
STAY LONG
Bought at
13.40
Close
14.48
Gain%
8.06
Sold on
08/11/2024
FLYNG
Flying Cement Company
Last Signal
STAY IN CASH
Buy Level
24.26
Sold at
24.79
Close
23.66
Gain%
-4.56
Sold on
07/11/2024
FCEPL
Frieslandcampina Engro Pakistan
Last Signal
BUY
Buy Level
84.24
Sold at
93.83
Close
84.66
Gain%
-9.77
Bought on
07/11/2024
RUPL
Rupali Polyester
Last Signal
STAY LONG
Sell Level
18.05
Bought at
16.64
Close
18.00
Gain%
8.17
Bought on
05/11/2024
GHGL
Ghani Glass
Last Signal
STAY LONG
Sell Level
27.50
Bought at
24.22
Close
29.46
Gain%
21.64
Sold on
31/10/2024
GAMON
Gammon Pak
Last Signal
STAY IN CASH
Buy Level
58.34
Sold at
67.08
Close
58.34
Gain%
-13.03
Bought on
28/10/2024
TSPL
Tri-Star Power
Last Signal
STAY LONG
Sell Level
6.1300
Bought at
5.4900
Close
6.0000
Gain%
9.29
Bought on
17/10/2024
MIRKS
Mirpurkhas Sugar Mills
Last Signal
STAY LONG
Sell Level
28.43
Bought at
27.00
Close
29.04
Gain%
7.56
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