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BOLAN CASTINGS LTDBB

BOLAN CASTINGS LTD

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BCL trade ideas

a Very Strong Resistance around 138 - 140.a Very Strong Resistance around 138 - 140. Those who have already taken entry in BCL should keep a Stoploss of 117 on Closing basis. Initial Targets can be around 128 - 130 & then towards 136 - 138. These levels should be easily attained because of Hidden Bullish Divergence. Crossing & Sustaining 140 will lead it towards 150 - 155. Long Term Targets can be above 200+ but that would be possible if 182 is Crossed & Sustained with Good Volumes.
PSX:BCL
by House-of-Technicals
Updated Feb 18
BCL | Is correction over?BCL is currently trading around its 200-day SMA and shows promising signs of a trend reversal. The MACD is below the zero line but nearing a bullish crossover, with the bearish histogram fading and potentially turning positive. Additionally, the stock is hovering above the 0.618 Fibonacci retracement level from Rs. 39.01 to Rs. 172.20, suggesting a potential recovery towards the 0.5 Fibonacci level at Rs. 105.87 and the 0.382 level at Rs. 121.64 (which aligns with the 50-day SMA). For a long position, consider entering as the recovery seems likely, with a stop loss set just below the previous low at Rs. 80.
PLong
by mbaberhanif
Sep 4, 2024
22

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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