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Shakarganj Limited (SML) Technical Analysis on PSX

As of 06-Nov 04:31 PM, Shakarganj Limited (SML), listed in the Consumer Non-Durables sector, traded at PKR 83.19 on the Pakistan Stock Exchange. The short-term trend is neutral (sideways) with weak strength and the long-term trend is neutral (sideways). The nearest short-term support zone is PKR 76.86 – 80.00 and the nearest short-term resistance zone is PKR 94.00 – 97.14.

SML key levels and trend

SectorConsumer Non-Durables
Last price (PKR)83.19
Short-term trendneutral (sideways), weak strength
Long-term trendneutral (sideways)
Short-term support zone (PKR)76.86 – 80.00
Short-term resistance zone (PKR)94.00 – 97.14
Long-term support zone (PKR)76.17 – 81.10
Long-term resistance zone (PKR)98.50 – 103.43
Distance to nearest support3.8%
Distance to nearest resistance13.0%
Data as of06-Nov 04:31 PM

Levels are calculated by FoxLogica's analyzer from PSX price history and refreshed after each trading day. They are zones, not exact prices, and can change quickly.

How to read support and resistance

Support is a price area where a stock has often stopped falling because buyers stepped in. Resistance is an area where rises have often stalled because sellers appeared. When price is close to support, the stock is near the lower edge of its recent range; close to resistance, near the upper edge. A move beyond either zone can signal a breakout or a breakdown, but many such moves fail, so traders usually combine levels with volume and a plan for limiting losses.

Frequently asked questions about SML

What is the current support level for SML?

FoxLogica's analyzer shows a short-term support zone of PKR 76.86 – 80.00 and a longer-term support zone of PKR 76.17 – 81.10 for SML, as of 06-Nov 04:31 PM. Support is a price area where buying interest has tended to slow declines.

What is the current resistance level for SML?

The short-term resistance zone is PKR 94.00 – 97.14 and the longer-term resistance zone is PKR 98.50 – 103.43, as of 06-Nov 04:31 PM. Resistance is a price area where selling pressure has tended to stop rises.

Is SML in an uptrend or a downtrend?

As of 06-Nov 04:31 PM, the short-term trend for SML is neutral (sideways) (weak strength) and the long-term trend is neutral (sideways). Trends change, so check the latest data before relying on them.

How far is SML from support and resistance?

At PKR 83.19, SML is about 3.8% above the nearest support and 13.0% below the nearest resistance, based on the analyzer data as of 06-Nov 04:31 PM.

Is this financial advice?

No. This page is educational. It shows technical levels calculated from price history and is not personalized advice, a recommendation to buy or sell, or a forecast. Trading involves substantial risk of loss.

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