BBFL is heading to 55BBFL is in bullish zone and it is expected to cross 55 level
Note. This is not a buy sell call use stop loss.
BBFL
Technical Analysis of BIG BIRD FOODS Limited(BBFL), PSX
Technical Analysis of BIG BIRD FOODS Limited(BBFL), PSX
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
BBFL is ready to flyBBFL maintained its strong support of 52.7 and now it is facing resistance
of 55.45. This resistance will lead it to 62.6, 67.63, 72.65, 78.87 and 88.92
Fresh entry may be take after breaking 55.45 and stop loss will be 52.3
TP1 is 62.6, TP2 is 67.63, TP3 is 78.87
Note: This is not a buy/sell call
Trade at your own will.
