Not logged in, please login to view portfolio!

Sarmaaya Twitter Space
Blog Stocks

BTC, HCAR and FNEL Technical Analysis

Sarmaaya Desk
Sarmaaya Content Team
Bitcoin (BTC):

After taking a hit from EMA 200 daily Bitcoin has lost nearly 10k points. Moreover, its approaching a major support zone where short coverings cannot be ruled out. However any hourly closing below 38950 would open further downside. On the upside 34750 and 36050 are the resistance levels.

Honda Atlas Cars (Pakistan) Limited (HCAR):

Price is currently at an important daily Support area (336-340) where a buying attempt can be made. If price dips further, the next major support lies near 317-320 where a second attempt can be made with a strict stop-loss of 302 targeting 372 first and 410 next.

First National Equities Limited (FNEL):

FNEL has recently broken the Daily Trendline to the upside and price is likely to make a higher high soon. Good area to enter is between 10.20 and 10.30 first and if it dips further then another attempt can be made between 9.50 and 9.60 with a strict stop loss of 9.00. Targets are 11.55 and 14.00 initially.

Disclaimer: This report is prepared for information purposes only. Under no circumstances is to be used or considered as an offer to sell or solicitation of any offer to buy. While all reasonable care has been taken to ensure that the information contained in this report is not untrue or misleading at the time of publication, we make no representation as to its accuracy or completeness and it should not be relied upon as such. The material contained in this report is based on data obtained from sources we deem to be reliable; it is not guaranteed as to accuracy and does not purport to be complete. This information is not intended to be used as the primary basis of investment decisions. Because of individual client requirements, it should not be constructed as advice designed to meet the particular investment needs of any investor.This report is provided solely for the information of professional advisers who are expected to make their own investment decisions without undue reliance on this report and Sarmaaya accepts no responsibility whatsoever for any direct or indirect consequential loss arising from any use of this report contents.

Related articles

My Watchlist

Not logged in, please login to view watchlist!

If you are someone who is keen on investments but does not have the time to research, identify stock market patterns, and keep track of stocks, forex, mutual funds, cryptocurrencies and other commodities like Gold and silver, then Sarmaaya is your meeting place, the crossroads where you can find everything you need to make the best decisions in the trading market. Based on unbiased, accurate and free information.


abcData (Pvt) Limited (Sarmaaya) is a Pakistan Stock Exchange (PSX) authorized data redistributor. Sarmaaya & CS Solutions (Pvt.) Limited (CS) do not guarantee the timeliness, accurateness, or completeness of any data or information on the website. Sarmaaya & CS makes no warranties, express or implied, as to Sarmaaya & CS or any data or values relating thereto or results to be obtained therefrom, and expressly disclaims all warranties of merchantability and fitness for a particular purpose with respect thereto. To the maximum extent allowed by law, Sarmaaya & CS, its licensors, and their respective employees, contractors, agents, suppliers and vendors shall have no liability or responsibility whatsoever for any injury or damages – whether direct, indirect, consequential, incidental, punitive or otherwise – arising in connection with Sarmaaya & CS or any data or values relating thereto – whether arising from their negligence or otherwise. Nothing in the website shall constitute or be construed as an offering of financial instruments or as investment advice or investment recommendations (i.e., recommendations as to whether or not to “buy”, “sell”, “hold”, or to enter or not to enter into any other transaction involving any specific interest or interests) by Sarmaaya & CS or a recommendation as to an investment or other strategy by Sarmaaya & CS. Data and other information available via the website should not be considered as information sufficient upon which to base an investment decision.