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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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。