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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 bulls. They may be seriously considering taking short positions, too. 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 invested in shares does not feel safe anymore. Investors are worried that they may go down with the market.
OVERBOUGHT/OVERSOLD STOCKS
HASCOL
LOADS
AGP
PREMA
NBP
ACPL
GCIL
HASCOL
Hascol Petroleum (KSE) [Overbought]
HASCOL
(KSE) [Overbought]
The chart above shows how
HASCOL
displayed a rally after the
BUY
signal which was issued on 14/11/2024. Since then, the gain in this stock stretched to a whopping 63%. 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
Sold on
22/11/2024
HASCOL
Hascol Petroleum
Last Signal
SELL
Sell Level
12.34
Sold at
12.26
Close
11.23
Gain%
-8.40
Sold on
22/11/2024
LOADS
Loads
Last Signal
SELL
Sell Level
14.02
Sold at
13.91
Close
13.30
Gain%
-4.39
Bought on
22/11/2024
NBP
National Bank of Pakistan
Last Signal
BUY
Buy Level
60.88
Bought at
61.17
Close
63.51
Gain%
3.83
Bought on
21/11/2024
MUGHAL
Mughal Iron & Steel Industries
Last Signal
STAY LONG
Sell Level
69.18
Bought at
70.78
Close
69.18
Loss%
-2.26
Bought on
21/11/2024
PIL
Picic Insurance
Last Signal
STAY LONG
Sell Level
1.6100
Bought at
1.7200
Close
1.6100
Loss%
-6.40
Sold on
21/11/2024
POWER
Power Cement Ordianry
Last Signal
STAY IN CASH
Sold at
7.4400
Close
6.9200
Gain%
-6.99
Sold on
21/11/2024
THCCL
Thatta Cement Company
Last Signal
STAY IN CASH
Buy Level
151.54
Sold at
148.70
Close
149.82
Loss%
0.75
Bought on
20/11/2024
CHCC
Cherat Cement Company
Last Signal
SHORT
Sell Level
281.97
Bought at
279.90
Close
272.89
Loss%
-2.50
Sold on
20/11/2024
CPHL
Citi Pharma
Last Signal
STAY IN CASH
Buy Level
46.20
Sold at
46.14
Close
45.00
Gain%
-2.47
Sold on
20/11/2024
MARI
Mari Petroleum Company
Last Signal
STAY IN CASH
Sold at
460.77
Close
463.16
Loss%
0.52
Bought on
19/11/2024
SBL
Samba Bank
Last Signal
STAY LONG
Sell Level
10.04
Bought at
10.01
Close
10.31
Gain%
3.00
Sold on
19/11/2024
SSGC
SUI Southern Gas Company
Last Signal
STAY IN CASH
Sold at
26.80
Close
22.11
Gain%
-17.50
Bought on
18/11/2024
ASC
Al Shaheer Corporation
Last Signal
SELL
Sell Level
5.5300
Bought at
5.3200
Close
5.4300
Gain%
2.07
Sold on
18/11/2024
DSIL
D.S.Industries
Last Signal
STAY IN CASH
Sold at
9.0550
Close
6.7900
Gain%
-25.01
Bought on
15/11/2024
FECM
First Elite Capital Modaraba
Last Signal
SHORT
Sell Level
6.3500
Bought at
6.3500
Close
6.1200
Loss%
-3.62
Bought on
14/11/2024
BAPL
Bawany Air Products
Last Signal
STAY LONG
Bought at
28.88
Close
34.29
Gain%
18.73
Sold on
13/11/2024
BNWM
Bannu Woollen Mills
Last Signal
STAY IN CASH
Buy Level
39.75
Sold at
40.74
Close
37.60
Gain%
-7.71
Sold on
12/11/2024
OTSU
Otsuka Pakistan
Last Signal
STAY IN CASH
Buy Level
155.56
Sold at
166.16
Close
139.88
Gain%
-15.82
Bought on
12/11/2024
SCBPL
Standard Chartered Bank Pakistan
Last Signal
STAY LONG
Sell Level
50.00
Bought at
50.00
Close
50.72
Gain%
1.44
Sold on
11/11/2024
EFGH
EFG Hermes Pakistan
Last Signal
STAY IN CASH
Buy Level
73.18
Sold at
67.45
Close
75.72
Loss%
12.26
Bought on
11/11/2024
KHTC
Khyber Tobacco Company
Last Signal
STAY LONG
Sell Level
254.01
Bought at
259.70
Close
253.41
Loss%
-2.42
Bought on
11/11/2024
TCORP
Tariq Corporation
Last Signal
STAY LONG
Sell Level
14.00
Bought at
13.40
Close
14.00
Gain%
4.48
Sold on
08/11/2024
FLYNG
Flying Cement Company
Last Signal
STAY IN CASH
Buy Level
24.26
Sold at
24.79
Close
22.69
Gain%
-8.47
Bought on
07/11/2024
RUPL
Rupali Polyester
Last Signal
SELL
Sell Level
18.05
Bought at
16.64
Close
17.56
Gain%
5.53
Bought on
05/11/2024
GHGL
Ghani Glass
Last Signal
STAY LONG
Sell Level
28.63
Bought at
24.22
Close
28.63
Gain%
18.21
Sold on
31/10/2024
GAMON
Gammon Pak
Last Signal
STAY IN CASH
Buy Level
58.34
Sold at
67.08
Close
60.68
Gain%
-9.54
Bought on
28/10/2024
TSPL
Tri-Star Power
Last Signal
SELL
Sell Level
6.1300
Bought at
5.4900
Close
5.6400
Gain%
2.73
Bought on
17/10/2024
MIRKS
Mirpurkhas Sugar Mills
Last Signal
STAY LONG
Sell Level
28.43
Bought at
27.00
Close
31.94
Gain%
18.30
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