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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.

bitcoin
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.

HCAR
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.

FNEL
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