BNL - MULTIBAGGER ??
Current Price: 22.24
Chart Setup: Bullish Pennant and Breakout Pattern
BNL (Bunny's Ltd.) is currently showing a bullish pennant pattern, which is a continuation chart pattern that suggests a potential breakout to the upside. The price has been consolidating after a strong rally, forming a symmetrical triangle or pennant shape, with the upper boundary acting as resistance and the lower boundary as support. The breakout from this pattern is typically a sign of further upward momentum.
First Target (50% Extension): Once the breakout happens, the first target range for BNL could be around 25.48, followed by a potential move toward 28.50 in the medium term.
Extended Target: If the breakout holds and the bullish momentum continues, BNL could test higher resistance zones around 30.00–32.00 in the long term.
BNL OUR FIRST CALL INITIATED @ 14 LEVELS IN MARCH
BNL trade ideas
BNLBNL - Buy Call
Stock Summary : In the most recent trading session, BNL closed at PkR13.50. The stock tested an upward trend line in the previous trading session and successfully closed above it. BNL is currently trading below 200-period moving average. The volume indicator shows an increase, indicating a positive stance.
Recommendation : Initiate buying positions on weakness or near the support zone and set stop loss below PkR12.83. Initial target is at 13.92 and secondary target is at 14.33