BGL LONG TRADEBGL has been in Downtrend since one year.
It crossed below major support level at 8.0 and reversed quickly performing a Spring/ Liquidity Sweep.
It has given strong signs of upward reversal now.
Five things validate its reversal upwards:
1. Crossed above 1H 20 EMA
2. Posted a Higher Low
3. Made a 1H Bullish FVG
4. Made a 1H Bullish Breaker Block
5. Much Heavier Volumes on Up leg so far
BUYING IS RECOMMENDED ONLY AFTER PULLBACK TO GIVEN BUY LEVELS.
🚨 TECHNICAL BUY CALL – BGL🚨
🎯 BUY ZONE: Rs. 9.10-10.10
📈 TP1 : Rs. 11.20
📈 TP2 : Rs. 13.40
🛑 STOP LOSS: BELOW Rs 8.0 Daily Close)
📊 RISK-REWARD: High Conviction | 1:3.8
Caution: Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.
