Trade Setup with Multi-Stage Target LevelsThe stock experienced a sharp upward movement, breaking out from a long consolidation phase and reaching a high near PKR 278. Currently, it has pulled back to PKR 235. The chart outlines a trading plan with multiple levels: the first entry point around PKR 226, and a second entry around PKR 210, indicating potential accumulation zones for traders. The initial target is set at PKR 245, the mid-term target at PKR 278, and the final target at PKR 314. The projected paths suggest two scenarios: either a bounce from current levels or a deeper pullback before resuming the uptrend. Volume spikes during the breakout phase suggest strong buying interest. Overall, the chart indicates a bullish outlook with clear risk management levels for potential entries and profit-taking.
KSBP trade ideas
KSBP Technical Update: Bullish Structure - What's Next? KSBP has demonstrated strong performance over the past trading month.
From a broader perspective, the stock had been in a Wyckoff Accumulation phase since late 2021, with all key transitional phases and events clearly identifiable on the chart. Throughout this period, it consistently formed higher highs and higher lows, gradually progressing in an upward trend and eventually breaking out of the accumulation zone.
Currently, KSBP appears to be retesting the breakout level, potentially setting the stage for the next leg up.
Buying and Profit Taking Levels are same as shared previously - Just keep SL revised Level as 200.
🛑 STOP LOSS: BELOW Rs. 200 (Daily Close)
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KSBP LONG TRADE (SECOND STRIKE)KSBP LONG TRADE (SECOND STRIKE)
Those who missed, KSBP is offering another ride. It has potential to attain targets beyond current price.
It is in Spike Phase and it created several Inefficiency Zones and Defensive POI. Not to forget the Marubozu candles in the past week demonstrating strength of the uptrend.
🚨 TECHNICAL BUY CALL – KSBP🚨
BUY1: 257
BUY2: 247
BUY3: 237
📈 TP : Rs. 278
📈 TP : Rs. 298
📈 TP : Rs. 344 (LONG TERM)
🛑 STOP LOSS: BELOW Rs. 220 (Daily Close)
📊 RISK-REWARD: 1:7
Caution: 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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KSBP LONG TRADE KSBP is in uptrend since Sep 2023. Then it entered Wyckoff Re-Accumulation Phase from Nov 2024 till April 2025. It broke out of this Re-Accumulation Phase with asserted Volume Gradient. It also retested the Breakout at the OB causing the Breakout, made a SPRG at newly established support level. It also plotted HH and HL. With all above aspects factored in, we foresee an impending up move.
🚨 TECHNICAL BUY CALL – KSBP🚨
🎯 BUY ZONE: Rs. 166-172
📈 TP : Rs. 204
🛑 STOP LOSS: BELOW Rs. 158 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4
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.
Hidden Bullish Divergence appeared.Hidden Bullish Divergence appeared.
Breaking Out a long Consolidation Box around
145 - 149.
164 - 169 is a Strong Resistance zone.
If this Level is Sustained, we may witness
200+
However, if 135 - 136 is broken, more Selling
Pressure will be witness & it may drag the price
towards 113 - 115.