BBFL LONG/INVESTMENT TRADEUpon 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.
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BBFL trade ideas
Bullish Divergence.
Bullish Divergence.
Weekly Closing above 51.30 - 51.50
would be a healthy sign.
However, 55 is an Important Resistance level.
immediate targets if 51.50 is Crossed & Sustained
will be around 55 & then 58.
Since it is moving in a range, so both sides must be
kept in mind.
Support Zone is around 45 - 47. & this time if it
breaks 44, we may witness further downside. which is
(for the time being) negligible because of Bullish Divergence.
BBFL Stock Reversal: From Consolidation to Breakout RallyThe chart for Big Bird Foods Limited (PSX: BBFL) illustrates a classic market cycle with a notable reversal pattern. Initially, the stock experienced a prolonged downtrend, forming a rounded bottom between late 2024 and early 2025. This was followed by a range-bound consolidation phase, indicating accumulation by market participants. Around May 2025, a bullish breakout occurred, pushing the price above the resistance zone and confirming the reversal. Since then, the stock has shown a strong uptrend with higher highs and higher lows, supported by an upward-sloping curve, suggesting increasing momentum. The shaded projection area indicates a potential bullish continuation, with price targets potentially reaching above PKR 87 if the trend holds. Key support lies around PKR 44–49, which would be crucial for trend sustainability in case of a pullback.
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
Though Still Bearish but...Though Still Bearish but Bullish Divergence on Daily TF.
This Week's Closing is Important (should be above 45).
However, if 45 is Not Sustained, we may witness
more Selling Pressure may be around 25, not
immediately but may be in couple of months.
Do not forget that BBFL has reported Excellent
Financial Results for the Half Year Ended 31st Dec.2024
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.