BAPL LONG TRADE
- BAPL was previously in an accumulation zone from December 2020 to May 2024, marked in yellow.
- The stock gave a huge breakout in May last year and continued in an upward channel, marked in blue.
- After touching the bottom of the new channel in early April, the stock started ascending with vigorous volume distribution.
- BAPL created a bullish IFDZ and reached a high of Rs. 60.5 before pulling back to the IFDZ with suitable volume contraction and then expanded volume, indicating a potential long entry.
🚨 TECHNICAL BUY CALL – BAPL🚨
- BY1: Rs. 44.25 (current price)
- BY2: Rs. 40.5
- BY3: Rs. 38.9
Target Prices
- TP1: Rs. 49.9
- TP2: Rs. 57.9
- TP3: Rs. 65.1
Trade Validity
- Stop loss: below Rs. 36.7
- Reward-to-risk ratio: 5.4
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
- BAPL was previously in an accumulation zone from December 2020 to May 2024, marked in yellow.
- The stock gave a huge breakout in May last year and continued in an upward channel, marked in blue.
- After touching the bottom of the new channel in early April, the stock started ascending with vigorous volume distribution.
- BAPL created a bullish IFDZ and reached a high of Rs. 60.5 before pulling back to the IFDZ with suitable volume contraction and then expanded volume, indicating a potential long entry.
🚨 TECHNICAL BUY CALL – BAPL🚨
- BY1: Rs. 44.25 (current price)
- BY2: Rs. 40.5
- BY3: Rs. 38.9
Target Prices
- TP1: Rs. 49.9
- TP2: Rs. 57.9
- TP3: Rs. 65.1
Trade Validity
- Stop loss: below Rs. 36.7
- Reward-to-risk ratio: 5.4
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.