WAFI LONG TRADE (12-06-2025)WAFI LONG TRADE
- Since its rebranding from Share Pakistan to Wafi, the stock went into a downtrend from 174 to 127 but showed a gradual improvement.
- The stock formed a pattern equivalent to a scallop, and yesterday/today, it gave a breakout from this pattern.
- As a result of the breakout, the stock formed a bullish IFDZ and a bullish FVG at different levels, making entering a buy trade at this level seem safe.
🚨 TECHNICAL BUY CALL – WAFI🚨
- Buy 1: 178 (current price)
- Buy 2: 169.3
- Buy 3: 165
- TP1: 190
- TP2: 202
- TP3: 214
- TP4: 226
- Stop loss: below 155 DAILY CLOSE
- Reward-to-risk ratio: 1: 7.6
Caution: 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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