Upon its inception in PSX, SLGL gave an astounding rally from Rs 8.0 to Rs 20.0 in just one month (Aug to Sep 2024).
Since then its has been correcting in a down sloping channel
It has recently Broken out of the Channel with Big Vol.
It has also given a Pullback on low volume.
All phases/events as per Wyckoff Methodology have been marked on the chart for easy comprehension.
CAUTION: Though measured move targets are big, readers are recommended to tighten the stop loss when the price crosses TP1 -18, because there is major Supply Zone right above this level
BUY SLGL 15-16
TP1 18
TP2 20.6
TP3 23.2
SL BELOW 14.2
Since then its has been correcting in a down sloping channel
It has recently Broken out of the Channel with Big Vol.
It has also given a Pullback on low volume.
All phases/events as per Wyckoff Methodology have been marked on the chart for easy comprehension.
CAUTION: Though measured move targets are big, readers are recommended to tighten the stop loss when the price crosses TP1 -18, because there is major Supply Zone right above this level
BUY SLGL 15-16
TP1 18
TP2 20.6
TP3 23.2
SL BELOW 14.2
Trade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.