September 08, 2017, 12:44:58 PM Admin says: Stocks Watchout is a leading advisory company providing reliable & most accurate tips in Pakistan Stock Market (PSX) through its specialized team of technical analyst and fundamental analyst who Watchout & study the market in short term and long term. Whether the market is bullish or bearish, our team is highly qualified & experienced to handle it in both condition. Our main priority is to have best client relationship by providing individualistic & exclusive client care through our accurate predictions which gives you maximum profits. Please subscribe our services to get Trading Calls, Daily Shout, Evening Report, Fundamental & Technical Analysis and much more. Here's the link: http://www.stockswatchout.com/membership-plans/
September 08, 2017, 12:44:26 PM Admin says: PSX100 index (weekly review) (MoM basis) Consecutive third month in a row index continued its weakness and correction of rally from 28,900 to 53,000, posted new lows in 2017, posted 40,842 in august and closed at 41,206. Index Trading in three different trends on different charts with different momentum , daily from bearish trend to side ways trend with neutral momentum, on weekly bearish trend with negative momentum, while on monthly chart trend is bullish with positive momentum still exists. Weekly and daily are in extremely oversold conditions with divergence on monthly chart that indicates lower or limited downside and potential for upside. Technically it means that for a long term investors index providing opportunity to buy and accumulate as trend is positive, momentum is positive and index hovering in to its first key supporting zone of monthly chart which exists between 42,500- 39,500 and only a weekly closing below 39,000 could change the momentum of monthly outlook from bullish to neutral or negative but that's all depend on any weekly close below 39,000 in coming trading sessions that could only confirm more down side other wise it is and remains buying opportunity for a long term investors for an objective time frame of 1-2 years. On weekly charts index although posted another new low but start getting rejection from lower value and that indicates despite negative momentum index could get valuable buying from lower levels in coming trading sessions. Index has potential to get more weakness and could get further downside with key supporting levels of 40,650, 40,200 and 39,500 being as 1st second and third level respectively, on higher side a weekly and daily break above 42,000 index could get start to pick up its strength towards 44,100-200. As per daily charts with bearish trend buying as per weekly supporting levels could exit on resisting levels as per daily chart to wait and resume buying on weaker levels till index won't break and sustain above 42,000 in coming trading sessions. Conclusion of key levels 40,600, 40,200 and 39,500, while on the higher side 42,000, 42,900 and 44,200 are key resisting levels. As per weekly outlook index break below 41,000 posted another new low but unable to close below 41,000 level got rejection from lower level. Stance is for buyer from lower level to exit or book on strength near 41,600 and 42,000 being as 1st and 2nd resisting levels and expect another new low in a new month in coming week where resume buys near 40,600 and accumulate further near 40,200, 39,500 with strict risk define below 39,000 on Closing basis or on the higher side resume buys on the breakage of 42,100 where target could be 42,850. For long term investors as discussed and suggested earlier weakness remain buying opportunity to start getting enter near the suggested key supporting levels for 1-2 years defined time objective where risk should be manage any weekly closing below 39,000 that could only indicate sustainability and consistency for more weakness in the near future , if not then suggested trading zone could decide 2017 low and index could start getting strength.
September 08, 2017, 12:44:03 PM Admin says: Further Addition in the weekly review after closing and sustainability below 41,900 Index continue its weakness and after breakage below both key supporting levels mentioned in last report 42,150 and 41,500, has open its room for further potential weakness towards 40,650, 40,200 and last 39,500 as per weekly and monthly chart pattern, although index reacted near 41,067 (support exists as double bottom formation) but unable to show any fast recovery. In coming sessions if index breaks further below 41,000 then could target above mentioned all three supporting levels. For a long term prospective approaching towards mentioned key supporting levels remain a buying opportunity as index hovering between key supporting zone on monthly charts. However on the other hand if index reverse back and break above 41,900 then that could delays mentioned supporting levels for the time being. For short term investors use of stop losses on the breakage of appropriate supporting levels and long term investors could take the opportunity to accumulate near given supporting levels below 41,000. Any weekly close below 39,000 should be monitor that could be dangerous for further weakness and downside continuation in 100 index.
May 10, 2017, 02:15:12 PM Admin says: Ittefaq Sons is the leading steel rolling mill in Pakistan with the capability to manufacture international quality products with various standards, such as DIN, ASTM etc. the company has created a name for itself and is known as the pioneer in steel products. The Company is issuing 41.75 million ordinary shares (31.82% of the post issued paid up capital) with floor price of Rs 12/share. The first phase of 75% of the total offering (31.31 million shares) will be offered to Institutional Investors and High Net Worth Individuals through bookbuilding that would be taken place from May 10-11, 2017. Whereas in second phase, remaining 25% (10.43 million shares) will be offered to the general public at the Strike Price which will be determined through the Book Building Process from May 23-24, 2017 . The reason why the company is going to be listed is to enhance capital of the company for facilitating its working capital requirements via equity financing instead of short term debt. Any excess funds received by the company would be used for repayment of short term borrowings or modification and redesigning of plant & machinery of the company including Girder Mill, subject to assessment of economic viability.
We're optimistic on long term view of the company as working capital would drive the earnings. We recommend to subscribe around 15.00/share.
April 28, 2017, 10:41:07 AM diya_MJ says: Hello Investors, WELCOME TO STOCKS WATCHOUT FAMILY
April 28, 2017, 10:26:15 AM Admin says: Stocks Watchout is a leading advisory company providing reliable & most accurate tips in Pakistan Stock Market (PSX) through its specialized team of technical analyst and fundamental analyst who Watchout & study the market in short term and long term. Whether the market is bullish or bearish, our team is highly qualified & experienced to handle it in both condition. Our main priority is to have best client relationship by providing individualistic & exclusive client care through our accurate predictions which gives you maximum profits. Please subscribe our services to get Trading Calls, Daily Shout, Evening Report, Fundamental & Technical Analysis and much more. Here's the link: http://www.stockswatchout.com/membership-plans/