BNL Long Trade (Third Strike)
Rationale: After its inception in PSX in 2013, BNL went into a tremendous uptrend, reaching a high of Rs. 61.7, then corrected and down trended to Rs. 12. The stock consolidated for 4 years between Rs. 49 and Rs. 12. Recent rally broke out of this accumulation zone, creating bullish FVGs and IFDZS for a safe long trade entry.
🚨 TECHNICAL BUY CALL – BNL🚨
- Buy 1: Rs. 45.90
- Buy 2: Rs. 44.30
- Buy 3: Rs. 38.6
- TP 1: Rs. 58.7
- TP 2: Rs. 67.9
- TP 3: Rs. 74.77
- TP 4: Rs. 86.70
Stop Loss - Below Rs. 34 ON DAY CLOSING
Risk-Reward Ratio- 3.65
aution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Rationale: After its inception in PSX in 2013, BNL went into a tremendous uptrend, reaching a high of Rs. 61.7, then corrected and down trended to Rs. 12. The stock consolidated for 4 years between Rs. 49 and Rs. 12. Recent rally broke out of this accumulation zone, creating bullish FVGs and IFDZS for a safe long trade entry.
🚨 TECHNICAL BUY CALL – BNL🚨
- Buy 1: Rs. 45.90
- Buy 2: Rs. 44.30
- Buy 3: Rs. 38.6
- TP 1: Rs. 58.7
- TP 2: Rs. 67.9
- TP 3: Rs. 74.77
- TP 4: Rs. 86.70
Stop Loss - Below Rs. 34 ON DAY CLOSING
Risk-Reward Ratio- 3.65
aution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
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Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.