Mughal Swings into Action

From the Monthly Channel, Mughal is bouncing upside.

Last week’s candle indicates a bullish signal.

Accumulate in the range 71–65

This analysis was compiled by the KSEStocks Team. Want to discuss stock prospects with like-minded people? Join the KSEStocks WhatsApp community and discuss your ideas with our investment-focused community members.

Tap on the group of your choice to join.

A trend change would be confirmed if the daily close falls below 56.

For the short term, the take profit levels are 85, 88, and 92

For long-term investors, the take profit zone is between 120 and 130

Don't miss:

• Which cars are driving the rally in auto stocks?
• Is DGKC going to Rs. 240?
• Why TPLP could go higher.

Ultimate target 145-150

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →