INIL LONG TRADEINIL was in downtrend from Jul-Nov 2024.
Since then it is i WYCKOFF Accumulation Zone, having completed AR, PS events and successfully carried out Spring below Major Support and Inducement Level. It has given reversal with validation through required Volume Distribution.
Targets having been calculated from overlying Bearish Order Blocks/ Supply Zones
Steel will be one of sectors to perform exceptionally in pre-budget rally.
🚨 TECHNICAL BUY CALL –INTERNAL INDUSTRIES LTD (PSX: INIL) 🚨
🎯 BUY ZONE: Rs. 140-150
📈 TP 1: Rs. 180
📈 TP 2: Rs. 220
🛑 STOP LOSS: Below Rs. 130 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3+
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
