BWCL LONG TRADE - 1H TF (11-06-2025)BWCL long trade
- *Recent Price Action:* BWCL had been range-bound but recently posted an ABC correction, touching a major order block at 360. The stock then rebounded quickly in a V-shape pattern, reaching a high of 426 in an imbalanced manner.
- *Current Setup:* After achieving 427, the stock went into a pullback and consolidation pattern, forming a spring and an IFD zone. This IFD zone presents an ideal location for entering a buy trade.
๐จ TECHNICAL BUY CALL โ BWCL๐จ
- Buy levels:
- Buy 1: Current level (406)
- Buy 2: 403
- Buy 3: 399.85
- Targets (calculated using Quantified Displacement Method):
- TP1: 415
- TP2: 424
- TP3: 433
- Long-term TP1: 446
- Long-term TP2: 459
- Stop Loss: Below 390
- Risk Reward Ratio: 6.7
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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