TPLT LONG TRADE 10-June-2025TPLT LONG TRADE
On the 1H timeframe, TPLT has been trending in a downward channel since December last year. Recently, the stock broke out of this channel, forming an inverted head and shoulders pattern. Today, the price broke out above the neckline of this pattern.
During its breakout, TPLT created multiple fair value gaps, new order blocks, and flipped institutional demand zones, all indicating a powerful reversal. The volume spread analysis also supports the continuation of this upward reversal. We expect the price to continue its upward reversal and achieve targets based on measured moves.
🚨 TECHNICAL BUY CALL – TPLT🚨
1. Current level: PKR 7.51
2. PKR 7.35
3. PKR 6.8
TP1: PKR 8.4
TP2: PKR 9.5
TP3: PKR 10.4
*Stop Loss:* Below PKR 6.2
*Risk-Reward Ratio:* 3.25
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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