BGL LONG TRADE SECOND STRIKE 10-06-2025BGL LONG TRADE 10-06-2025
As previously shared, BGL has been in an uptrend from April 2024 to May 2024, characterized by a spike phase followed by a corrective channel. Recently, the stock gave a liquidity sweep by springing below a major trend line, as marked on the charts, and sharply reversed upwards.
The volume distribution supports this upward move, which is expected to sustain further. The stock has created a flipped institutional demand zone, acting as a barrier to prevent downward movement. Additionally, several imbalances or measuring gaps have been created, which will act as rebounding levels.
TECHNICAL BUY CALL - BGL
1. BUY1 : Current level: PKR 11.8
2. BUY 2: PKR 11.3
3. BUY3 :PKR 10.9
1. TP1: PKR 12.5
2. TP2: PKR 13.4
3. TP3: PKR 15.4
*Stop Loss:* Below PKR 9.9
*Risk-Reward Ratio:* 4.6
Book 50% Profit on T1 and move your SL to avoid losing profits due to market volatility.
