DFML, HUMNL and ETH Technical Analysis

Not logged in, please login to view portfolio!

Dewan Farooque Motors (DFML):

DFML has recently broken out of a bullish penant formation on the daily. Current price seems to be a good buying area at around 8.35 and if it dips further then 7.60 is the second area to look for buys. Keep a strict Stop loss of 6.70 for an upside target of 10.10 initially.

Hum Network Limited (HUMNL):

HUMNL tested the resistance 9.30 and since then it has been under profit-taking. The price can find support around 8.30 and 8.05. This is where decent buying can be seen. On upside it needs to surpass 10 in order to open up extended targets towards 11.7 followed by 13.

Ethereum (ETH):

ETH "Sell on Strength" Extremely overheated indicators on all three major higher time frames initiated aggressive profit taking which soon converted into aggressive selling pressure.

Monthly Time- Frame Previous monthly closing came as Advance Bearish Deliberation Block Pattern which is not formulating into Evening Star Pattern. Daily Time Frame: On daily Ethereum has breached major support of 2100. Moreover it has closed a session below EMA 200 for the first time since April 2020. Now any daily closing below 1700 would open aggressive downside targets towards 1500, 1285 followed by 900.

About Us

Financial literacy is your key to success and a promise of a secure future in turbulent times. We offer you the right education and resources you need to achieve your financial dreams. Sarmaaya is a trusted source of research and information about Forex, Mutual Funds, and Stocks. Our widgets, tools and calculators aid in identifying potential investment opportunities and valuable insights that can help achieve your short and long-term financial goals.

Social Links

Important Links

Disclaimer

Sarmaaya Financials Private Limited 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.