BAWANacording to my previous technical studies,i see a great opportunity with high probability of succes,the details are reflected in tge chart,good luck to all
1302 trade ideas
Monthly Closing is Important!
43.80 - 44.40 may act as a Good Support.
But if this is broken, next support would be
around 42.10 - 42.70.
However, Monthly Closing above 44.40 may trigger positivity.
And it will confirm its Bullish Momentum, once
it will cross 46.80
1302 | Diamond PatternThe technical chart of 1302 Bawan Company reveals a diamond pattern formation, which has recently experienced a breakout. The diamond pattern is characterized by a consolidation phase where prices initially form a narrowing range, followed by a breakout in either direction. In this case, the breakout has occurred, signaling a potential continuation of the previous trend or a reversal depending on the prevailing market conditions.
Currently, the trend is bullish following the breakout from the diamond pattern. Key resistance levels to monitor on the upside include 50.20, 51.80, and 53.50. These levels may act as barriers to further upward movement. For risk management purposes, a prudent approach would be to place a stop loss below 45, aligning with recent price support and the lower boundary of the diamond pattern.
Traders and investors may view the breakout from the diamond pattern as a bullish signal, suggesting potential further gains if the price continues to move above resistance levels. As always, monitoring price action and adjusting strategies in response to market dynamics are advisable.
ANALYSIS ON 1302Dear Saudi Traders and Investors,
I saw on a group people willing to buy BAWAN (1302), I kept telling them not to buy and only few listened, please don't buy 1302, save your money or invest it on stocks that will return you profits.
You can see that the price is going down and it's heading towards 28.80, don't buy it now or any market until you get a consultation from a trustful person.
For further questions don't hesitate to ask!
ANALYSIS ON 1302Dear Saudi Traders and Investors, I'm sharing with you an analysis on one of my favorite stocks to trade, I've been leading Investors and Traders on it for a year and half now, now while waiting for a Trade to take on it, I said why not to share an analysis with you.
Yoy can notice on the chart that the price was going in an uptrend for 4 months before it gives us a squeeze to close our Trades and so they investors exit take their profits out, now we're waiting for a confirmation to sell the stock and take the downtrend again.
For further information, don't hesitate to ask!
BAWAN CO 1302Bawan Co. weekly time frame after stability above 33.40 waiting to hit 36.65 and 39.95 Good luck
BAWAN: Trendline BreakoutTrendline Breakout (after reaching parallel channel breakdown target)
Trade with stop loss
Plan your risk
fib levels are mentioned as TPs, trade with trailing stop loss
1302: TASI (BAWAN CO.)Short term and long term trade setups
Trail your stop loss with proper Risk Reward
Bawan 1302RSI Above 50 Check
50 EMA Cross Check
Double Bottom Check
Volume Increase Check
Divergence Check
Lets watch how it will play out
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Trend AnalysisPrice Seems to be moving in up-trend direction. Need to see if Resistance level will be braked.
Bawan Greetings,
Closing above the red line will move us to the green line as a target.
Regards,
Abdullah
keeping for self referencePlease do not trade base on this unless you want to loose money. I am just learning.
