BIFO LONG TRADE 11-June-2025BIFO LONG TRADE
- *Historical Performance:* BIFO remained range-bound for 8 years (Nov 2016 to Nov 2024). In December 2024, it broke out in a huge imbalance fashion, forming a spike.
- *Elliott Wave Configuration:* The price action consists of Elliot waves, with the spike being wave 3 and the latest pullback being wave 4. We expect the final upleg or wave 5 to complete the Elliot wave configuration.
🚨 TECHNICAL BUY CALL – BIFO🚨
- Buy levels:
- Current price: 179
- 162
- 150
- Targets:
- TP1: 199
- TP2: 229
- TP3: 280
- Stop Loss: Below 125 - CLOSING BASIS
- Risk Reward Ratio: 3.3
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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