October 23, 2024
Shares Analysis | CITI | SEARL | #technical #psx #trading #kse100 #viralvideo #finance #stockmarket
 #Finance

Shares Analysis | CITI | SEARL | #technical #psx #trading #kse100 #viralvideo #finance #stockmarket #Finance


Ibtida Hai Rabbe Jul Jalal Ke Babcock Hain Ji closed at 929 paise with down side movement of minus 13 paise which is minus 255 paise in percentage. Within days, low of 91 paise was made and closed near its low and high of 02 paise. Whereas the low of the year is ₹ 1 paise and the high is

₹ 90 paise. If we look at the volume, then the volume of 1284 693 was generated and there is a board meeting, so let’s look at that and also look at their material information of 11th October, which is material information. They have made a public announcement that City Pharma has announced

a joint venture with All Care Group to establish an API formulation facility. Now this is a joint venture with All Care Group of Investments. What will they do? G Active Pharmaceutical Ingredients . And this joint venture they have with this company which will further facilitate

the venture with Saudi Arabia Kingdom of Saudi Arabia and along with that the venture they have with Saudi Arabia is through this company All A All Care Along with the Group of Investment, they will work together with the All Care Group of Investment and this company will be responsible for land

acquisition there, for infrastructure development and for selling their products within the Kingdom of Saudi Arabia. To register with the regularity authority and to get financial support from their local banks and their main focus will be on the health care manufacturers that are in the Kingdom of

Saudi Arabia and its border countries. Middle East and North Africa , they will launch and carry forward these products for the population of that region and apart from this they are saying that the facility they have will work as a strategic export for their market and this is There will be

countries in the Middle East and North Africa, South Africa and beyond and beyond that, they are significant players with this venture that they are saying will become global and farm significant players within the global pharmaceutical landscape as well as these and others. You can also get a

chance to work within the countries, which include India, China and other national and international Markets. The major highlight of this is that their main chemical is Neff Cracker Chemicals

Phenol and Benzene, normally it is If they import, they will produce it at low cost and they will get a lot of benefit in exporting it world wide and because of that, the growth of their company will increase and with the growth it is natural that their sales will also increase, so they will get

long term benefits. There is going to be a lot of Profit in this regard, so you people can take your own decision in this regard, because right now there is selling pressure in it, so it is possible that some people may get a little worried about it, but according to its current

scenario. This is very good news for its future. If this agreement gets approved in future and everything is done then its PE ratio is 1076 which is much better than the sector’s PE ratio of 31.47. It is slightly below its PV point of 9.47 paisa. The bottom closed at 9.29 paise. The first

support is of 8.92 paise and the second is of 8.56 paise. The first resistance is of 9.83 paise and the second is of 0.38 paise. According to the technical indicators, RSI is neutral while the stock is astic oversold and Magdi is bullish, then it means. You can understand the trend from neutral and

at present there is no inside transaction in it and if we talk about payout history, they have given cash dividend of 1.25 rupees and it will be given in October 2024 . The last time was given in September 2021. Now let us see its channels. You can see that after testing the top of monthly, weekly

and daily channels around 81 paise, there is selling in it and there is a lot of selling. A lot of down has come but one thing you should keep in mind is that these two candles became good selling but then one became buying and after that the second one became thin selling and after that this one

candle also became big selling and this It is also a little less than that, so if we talk about it in the same scenario, then for this it has become a resistance of 9.40 paise. It is necessary to cross it and not do it with good volume and give closing only after that then the next thing. Its

selling level will be 0.41 paise and then ₹ 1.57 paise can be considered. In between, if someone wants to put a level of ₹ 1, then he can do it in the context of selling. If you talk about stop loss then Its first stop loss will be of 8.47 paise and God knows what. If it breaks it and is not

able to sustain above it, then there is also the bottom of the daily channel, then this next level can show you around ₹ 7.88 paise and after that it can also show you the level of ₹ 7.24 paise and both these levels are important for this month. If there is strong support on the base, then it

took a little more time on City Pharma, but since I had to share things with you people, it took time, so for this I want the matter in advance. Let’s go, the second share is Saral Pakistan, quite simple. There was a good movement inside it for the past few days but now again it became a

victim of selling pressure. It closed at 9 paise with a down side movement of -21 paise which is my 3rd in percentage. It took a low of 0.65 paise within 41 days and closed at around Rs. It closed a little above 6070 paise while the high was ₹ 50 paise. Talking about the volume, a volume of Rs 1

crore 2789 142 was generated inside it. They have a financial report which they have made public, let’s see that also and then they have released annual report. Call for General Meeting has been given, let’s see that also and there is a clarification. Regarding fake news, the first

thing is that they have announced the Annual General Meeting and also made it public which will be held on 28th October. This is a very long report. There are many resolutions in the Annual General Meeting which they have to pass, so if anyone wants to read it and find something of their own, then

they can do so because the report is very long, if I study it for you guys, then that’s another time. It will take a lot and since most of the people do not have time, they are not able to watch such long CashNews.cos, so if you want to extract some of the data of your choice then you can

definitely extract it. Let’s move on to the second part. Clarification with reference to fake news and that is the subject of it. Yes, Clari Denial of Fake News regarding all the interest in acquiring stake in ABD Laboratory, so it is denying that this interest was shown through the media

platform that what we are is 50 But they are gaining stake in Abed Laboratory, so they have rejected this claim in the category, hence you people should remain fascinated by this kind of news and perhaps because of this, it has got a negative impact on it and it has become a victim of selling

problem. If it happened, these were two or three things, along with it, it is good that this is a report of their Annual General Meeting, in this they have also mentioned about their financial results, so this report has not been opened, if it had been then I I would have shared this with you guys,

this has also been opened, that is , they have told everything in the Anal General Meeting itself, so the PE ratio of Saral Pakistan is not showing while the PE ratio of the sector is 3147 4, this is your point point. ₹ 1 closed at 9 paise, a little below 38 paise. The first support is of 0.26

paise and the second one is of 9.43 paise. The first resistance is of ₹ 12.21 paise and the second one is of ₹ 3.33 paise. And if it could not sustain above this resistance then it became a victim of selling. According to Gaya Indicators, RSI and Stock Astik are neutral while MAC is calling it

bullish. If we talk about insider transactions, then there has been some buying in it in the last few days and if we talk about its history, then it has paid out payouts last time at ₹1, sorry. No ₹ 1, perhaps there has been a mistake in writing this here, they had given a cash dividend of ₹

in October 2021 and before that in September 2020. Their dividend history is good whereas if we talk about the sorry payout of puff dividend, in terms of bonus, they had last given right Shares of Rs. 35 at the rate of 31% in May 2023 and bonus Shares were given at

Rs. 25 in October 2022, so its If we look at the current situation of the particle, then you can see that it had tested this level on October 17, it crossed the top of Delhi’s channel and but could not sustain above it and then turned back and this candle When it was formed on 17th, after

that also on 18th October, a selling candle was formed and it closed much lower and the above lines were resistance on the basis of the whole month but could not sustain them, now in this scenario its first selling area is ₹ There is a weekly resistance of 1 37 paise, if it crosses it then ₹

2500000 after 25 paise you guys. You can set an ultimate selling area of ​​52 paise and then ₹ but it is very important to sustain it above these two resistances with good volume and close on it, only then it will go towards a good up side move or bull run . You may be a victim of pressure or

Profit taking, whatever you want to call it. In this scenario, you can consider the first stop loss of 075 paise. Second one is of 0 and if someone wants to construct in B then he can do it at ₹ 38 paise and after that at ₹ 9.47 paise. If the digging does not sustain above 60

and there is Profit taking then the level of 59 47 5879 and 58 is also this. Can show and at this level, it was consolidating for a long time, the CashNews.co will be a little long, for that I want a reason, I request you all to support me to encourage me, like, share my

CashNews.co and subscribe to my channel. Do it and make it a part of your precious prayer, Allah Hafiz.

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