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BAWANY AIR PRODUCTS LTDBAWANY AIR PRODUCTS LTDBAWANY AIR PRODUCTS LTD

BAWANY AIR PRODUCTS LTD

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BAPL trade ideas

BAPL LONG TRADE 13-06-2025BAPL 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.
PSX:BAPL
by Mushtaque77
BAPL Breakout: Ignites with 61% Weekly Surge; TP 56 - 69 - 77Bawany Air Products Ltd (BAPL) has delivered a powerful breakout on the weekly chart, surging by an impressive 61.09% to close at 44.17 as of May 18, 2025. This move marks a clear breakout from a long-standing descending triangle pattern, signaling a shift from a consolidation phase to a fresh bullish trend. The breakout is technically significant and suggests strong buying interest and renewed momentum in the stock. Using Fibonacci retracement levels from the prior swing high of 56.82 to the low of 22.30, BAPL has already surpassed the critical 61.8% level at 44.06. This opens the path toward the next resistance levels at 49.25 (78.6%) and 56.82 (100%). Beyond that, Fibonacci extension levels suggest medium-term targets at 64.48, 69.62, and even 77.78, indicating the potential for a multi-leg rally if the momentum sustains. The Stochastic RSI is also supporting the bullish case, with both lines rising strongly—green at 61.93 and red at 57.23—indicating continued upward momentum. Immediate support lies around 40.00, while deeper support is near 35.40, both of which could serve as buy-on-dip zones. In summary, BAPL appears to be entering a high-momentum phase, with short-term targets in the 49–57 range and higher upside possible as long as key support levels hold.
PSX:BAPLLong
by tradeflowadvisors