Technical Analysis of BIG BIRD FOODS Limited(BBFL), PSX

Technical Analysis of BIG BIRD FOODS Limited(BBFL), PSX [ Pakistan Stock Exchange]


Falling Wedge Pattern , CMP : 50.15
Date: 18-03-2025
Analysis By : Ali Safwan


Pattern Formation: Falling Wedge

Potential Targets (TP Levels)
TP-1: Around 59.03 PKR
TP-2: Near 63.81PKR
TP-3: Extended target around 75.70 PKR
TP-3: Extended target around 82.61 PKR


Bullish Case:
If the price breaks above 52.47 with strong volume, it could confirm a bullish breakout, targeting TP1 till TP3 .

Bearish Case: If the price fails to break out, it may retest lower support levels at 46.08 and consolidate further.

Ideal Entry: A breakout above 52.47 PKR.
Stop Loss after Entry 49.50