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SUI SOUTHERN GAS CO LTDSUI SOUTHERN GAS CO LTDSUI SOUTHERN GAS CO LTD

SUI SOUTHERN GAS CO LTD

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SSGC trade ideas

SSGC | Downward-Sloping ChannelThe stock in a downward-sloping channel after a strong rally that peaked near PKR 50.87. Currently trading at PKR 39, the price is above the 200 EMA level (28.70 PKR), suggesting longer-term bullish strength despite short-term weakness. Recent price action faced resistance near the upper trendline, and today's bearish candle indicates selling pressure. Key support lies around 37.00–35.00 PKR, while a breakout above 41.00–43.00 PKR could signal a resumption of the uptrend if backed by strong volume.
PSX:SSGCShort
by mbaberhanif
SUI SOUTHERN GAS CO LTD SSGS has good potential to grow more because of current government in Pakistan try their best resolve the issue of circular debt SSGS is the one of beneficiary of circular debt. 1) Currently SSGS share price following Dow theory of uptrend. 2) Volume on daily time frame showing strong sentiment for future grow. 3) Completed 50% retracement of fib`s , Show strong reverse from golden number of fib. 4) Following AB:CD pattern on daily, weekly and monthly time frame, while completed (C) leg of AB:CD pattern and started to follow ( D) leg. 5) Also seen cup & handle pattern of daily, weekly time frame, currently following to complete handle of cup and handle pattern. 6) According to Elliot impulse theory completed 2nd leg and started 3rd leg which can expect more higher than past one. Trade Plane AB:CD Pattern Targets Target (1) : 50.54 Target (2) : 72.00 Stop loss : 29.80 Cup & Handle Targets Target: 89.45
PSX:SSGCLong
by capitalTrader2020
SSGC PSX Stock SummarySSGC (Sui Southern Gas Company) on the Pakistan Stock Exchange (PSX) is showing positive momentum, with a near-term target of PKR 43.90. The recommended entry is at the current market price, with a stop loss set at PKR 40.00 to manage downside risk. The stock appears poised for an upward move based on recent trading activity and technical indicators. Disclaimer: This summary is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Please conduct your own research or consult with a licensed financial advisor before making investment decisions. Trading in stocks involves risk, including the potential loss of capital.
PSX:SSGCLong
by Muhammad-Umar
SSGCA rising wedge or ascending channel is forming. A descending channel target is marked at 25.80 PKR in case of a breakdown. Key Price Levels & Trade Strategy: Safe Buying Zone: Above 39 PKR if sustained. Take Profit (TP) Levels: First TP: 44.40 PKR Second TP: 48.25 PKR Long-term TP: 50 PKR (if a bullish divergence forms and price breaks upward). Relative Strength Index (RSI): Displayed below the price chart. RSI appears to be declining after a peak, which could indicate a potential pullback or consolidation. Interpretation: Bullish Scenario: If the stock sustains above 39 PKR, it could rally toward 44.40 PKR and 48.25 Bearish Scenario: If it fails to sustain and breaks below support, it could drop towards 25.80
PSX:SSGC
by zahid_iqbal6220
2
Understanding SSGC’s Upcoming Bullish Trend OR Sideways ?The stock was in a strong uptrend from October to January, staying within an ascending channel.The stock faced multiple rejections at the upper boundary of the channel. Each time it approached resistance, it failed to sustain the momentum and pulled back. Watchable zone The lower trendline is acting as a support. If this support is broken, the price may drop towards PKR 25.00 - 22.00. Sideways (Higher Probability) A break below 32 PKR will confirm a sideway trend with range bound activity (24.00 - 28.00) Bullish Case (less likely ) If the price breaks above 38 PKR,This would signal a bullish reversal, with potential upside targets at 46-48PKR.
PSX:SSGC
by jahanzaibM
SSGC TRADE IDEA. RETEST + FVGSSGC is currently on a loosing streak after rallying up almost 80 percent after the breakout on daily chart at 28.75 The stock is now again coming back to retest the previous high at 28.75 There is a fair value gap also around 28.75. A large amount of liquidity is resting at 28.75 to 29.00. The stock will show a quick bounce from these levels. But the stock will be very volatile near these level as mentioned above. put limit orders also watch closely near 28.75 to 29.00 As the big players also might hunt for stop losses just below these levels so be careful and watch carefully but this is a big chance to buy as the stock will rally quickly around 10 to 15 percent after absorbing liquidity at these levels! LETS SEE WHAT HAPPENS.
PSX:SSGCLong
by abdul0705pvt
SSGC - PSX - Technical Analysis - Fib and AB=CDSSGC is in bull run since 23 Oct 2024. KVO is suggesting a very strong buying with high volumes. RSI Indicator is almost at 82, indicating a very strong control of Buyers. Previous data analysis also suggest that RSI touched 93 level before prices went into retracement. Therefore, still there is some room for prices to go further up before retracement begins. Historically, a resistance zone is present between 41.50 to 43.61. Therefore, a retrace is very much possible after testing TP-1. Hence, drawn AB=CD pattern is also in confluence with this analysis for arriving to the TP-1. ATH (All Time High) of 54.78 is TP-2 and even beyond is possible in this bull run. SSGC is expected to be staying in Bull run till end Feb, but will depend on Dec quarterly report as well. Trade Values Buy (Mkt) : 35.89 TP-1: 41.58 TP-2: 54.78
PSX:SSGCLong
by Golden_Spur
1