JSBL LONG TRADE 09-06-2025JSBL LONG TRADE
JSBL has been in an uptrend since December 2022, completing five waves and then entering a corrective phase. The correction has taken shape of a bearish wedge (double bottom bull flag) and retraced between 50% to 61.8% levels. From this level, the stock has shown strong signs of reversal. Targets calculated from Pattern Diversion Forecast, considering the correction's tendency to from a Sequential Trough Consolidation within a Bullish Continuation Channel.
🚨 TECHNICAL BUY CALL – JSBL🚨
- Buy 1: PKR 9.88
- Buy 2: PKR 9.3
- Buy 3: PKR 8.8
- Buy 4: PKR 7.95
- TP1: PKR 11.5
- TP2: PKR 13
- TP3: PKR 14.81
- TP4: PKR 16.3
*Stop Loss:* Below PKR 6.8 DAILY CLOSE
*Risk-Reward Ratio:* 1:3.85
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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