BIPL trade ideas
BIPL | Parallel Channel Break Out!BIPL is trying to break its parallel channel, if it happens and gives closing above 23.60 then more upside can be expected towards the resistance level of 25.40 and further break out can leads towards previous double top around 27.07. Must use stop loss just below previous low around 21.50 to manage risk.
BIPL🚀 Stock Alert: BIPL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 23 - 23.25
🎯 First Target : 25
🎯 Second Target : 27
⚠ Stop Loss: 21.50
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: YES
📰 Technical View: The price action is in bullish trend after a pull back observed from its support zone lies around 21.80 with volumes of 5.8 Million in the last trading session. Initial resistance lies around 25 and secondary around 27. Use stop loss below the previous low around 21.50.