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SAZEW - Hourly Analysis - 22-09-2023

  • Sarfaraz Ahmad

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

Current Wave structure: Bullish Impulsive

Expectations:  The rise from the blue wave "iv " was very expected. We have met our targets successfully. Sooner or later a consolidation phase may start.

Notice:  Since we have achieved all our targets (Rs. 49 and Rs.39), we are removing this stock from Hot Picks.

Recommendations:  7: Target met.
6: Set the target at 85.
5: Book the profit around 76 ( PKR.29 + 28 Profit)   OR Hold with stops at 61.
4: Move stops to 57 and hold the trades.
3: Hold the trades
2: More Long positions may be added 46.
1:  Long positions may be considered around 47-45 with Stops below 44. Targets will be managed over time.


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