BECO LONG TRADE (STEEL SECTOR) 10-June-2025BECO LONG TRADE
BECO stock on the 1H timeframe has shown a gradual upward move, marking higher lows and higher highs. After a re-accumulation phase since December last year, it broke out of a six-month-old trading range, signaling a new uptrend.
Price Movement: During the breakout and upward move, BECO created a bullish FEG, a bullish Shutter Block, and a bullish IFDZ, indicating strong buying interest.
🚨 TECHNICAL BUY CALL – BECO🚨
- *Buy 1*: PKR 10.83 (current level)
- *Buy 2*: PKR 10.5
- *Buy 3*: PKR 10.11
- *TP1*: PKR 11.8
- *TP2*: PKR 12.4
- *TP3*: PKR 13.18
Stop Loss below PKR 9.4 Daily Close
Risk-reward ratio of 3.2
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 BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
