BUXL – Buy Call on 1W Time Frame (Second Strike) 15-06-2025
Past Price Action:
Since its listing on PSX in February 2013, BUXL has maintained a steady long-term uptrend. After a correction, the stock surged in June 2021, reaching Rs. 485. Following another pullback, it entered a weekly accumulation phase from December 2022.
BUXL Recent Price Action:
BUXL broke out of this consolidation with strong volume momentum, signaling renewed bullish potential. A bull flag formation was observed, with a peak at Rs. 216 before retracement.
✅ Our earlier call’s first target of Rs. 184 has been successfully achieved.
🚨 TECHNICAL BUY CALL – BUXL🚨
- Buy 1: Rs. 185 (CP)
- Buy 2: Around Rs. 150
- Buy 3: Rs. 124
- TP 1: Rs. 240
- TP 2: Rs. 284
- Long-term TP 1: Rs. 361
- Long-term TP 2: Rs. 427
- Long-term TP 3: Rs. 484 (previous all-time high)
- Extended Target: Rs. 584 (calculated through Fibonacci ratio extension)
- Stop Loss: Below Rs. 80
- Risk-Reward Ratio: 7.6
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.
Past Price Action:
Since its listing on PSX in February 2013, BUXL has maintained a steady long-term uptrend. After a correction, the stock surged in June 2021, reaching Rs. 485. Following another pullback, it entered a weekly accumulation phase from December 2022.
BUXL Recent Price Action:
BUXL broke out of this consolidation with strong volume momentum, signaling renewed bullish potential. A bull flag formation was observed, with a peak at Rs. 216 before retracement.
✅ Our earlier call’s first target of Rs. 184 has been successfully achieved.
🚨 TECHNICAL BUY CALL – BUXL🚨
- Buy 1: Rs. 185 (CP)
- Buy 2: Around Rs. 150
- Buy 3: Rs. 124
- TP 1: Rs. 240
- TP 2: Rs. 284
- Long-term TP 1: Rs. 361
- Long-term TP 2: Rs. 427
- Long-term TP 3: Rs. 484 (previous all-time high)
- Extended Target: Rs. 584 (calculated through Fibonacci ratio extension)
- Stop Loss: Below Rs. 80
- Risk-Reward Ratio: 7.6
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.