Upon its inception in PSX, BBFL rallied upwards to 88. Then it assumed a downward corrective channel. Presently it is in WYCKOFF Accumulation Phase since Feb 2025. The dotted trend line shows series of HLs, which is also supported by corresponding Volume Distribution. Both aspects indicate towards Institutional Interest, resulting in uptrend in coming days and weeks.
🚨 TECHNICAL BUY CALL – BBFL 🚨
🎯 BUY ZONE: Rs. 50.6-53.8
📈 TP1 : Rs. 57.8
📈 TP2 : Rs. 65.9
📈 TP3 : Rs. 78.6 (Longterm)
🛑 STOP LOSS: BELOW Rs. 45 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:5.14
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE SHARE & BOOST THE IDEA IF YOU FIND IT HELPFUL.
🚨 TECHNICAL BUY CALL – BBFL 🚨
🎯 BUY ZONE: Rs. 50.6-53.8
📈 TP1 : Rs. 57.8
📈 TP2 : Rs. 65.9
📈 TP3 : Rs. 78.6 (Longterm)
🛑 STOP LOSS: BELOW Rs. 45 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:5.14
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE SHARE & BOOST THE IDEA IF YOU FIND IT HELPFUL.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.