MFFL - PSX - Long (Buy) Trade Call Seasonal timelines have been drawn on the chart. MFFL stocks have been seen historically going up in the month of October till first week of December i.e. for average 1.5 months and then going down. This happens because of the citrus export and selling locally as well. While from March till Aug it mostly relies on selling finished food products like jams.
Technically Fib retracement has already reached 0.89 level; besides bullish divergence has started to form on 4h TF. Price is about to reach a very strong support zone as well.
Therefore, it is strongly recommended to initiate instant buy at current market price and if it dips further to first support level then buy again. And if it falls even till the middle of support zone then buy third time as well.
Trade values are depicted below.
Buy Trade Call
Buy 1: 132.00
Buy 2: 129.50
Buy 3: 124.50
TP1 : 168
TP2 : 200
TP3: 250
SL: 115
