Technical Analysis of BIG BIRD FOODS Limited(BBFL), PSX [ Pakistan Stock Exchange]
Falling Wedge Pattern , CMP : 50.15
Date: 18-03-2025
Analysis By : Ali Safwan
Pattern Formation: Falling Wedge
Potential Targets (TP Levels)
TP-1: Around 59.03 PKR
TP-2: Near 63.81PKR
TP-3: Extended target around 75.70 PKR
TP-3: Extended target around 82.61 PKR
Bullish Case:
If the price breaks above 52.47 with strong volume, it could confirm a bullish breakout, targeting TP1 till TP3 .
Bearish Case: If the price fails to break out, it may retest lower support levels at 46.08 and consolidate further.
Ideal Entry: A breakout above 52.47 PKR.
Stop Loss after Entry 49.50
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.