BAPL LONG TRADE
- BAPL was previously in an accumulation zone from December 2020 to May 2024, marked in yellow.
- The stock gave a huge breakout in May last year and continued in an upward channel, marked in blue.
- After touching the bottom of the new channel in early April, the stock started ascending with vigorous volume distribution.
- BAPL created a bullish IFDZ and reached a high of Rs. 60.5 before pulling back to the IFDZ with suitable volume contraction and then expanded volume, indicating a potential long entry.
🚨 TECHNICAL BUY CALL – BAPL🚨
- BY1: Rs. 44.25 (current price)
- BY2: Rs. 40.5
- BY3: Rs. 38.9
Target Prices
- TP1: Rs. 49.9
- TP2: Rs. 57.9
- TP3: Rs. 65.1
Trade Validity
- Stop loss: below Rs. 36.7
- Reward-to-risk ratio: 5.4
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
- BAPL was previously in an accumulation zone from December 2020 to May 2024, marked in yellow.
- The stock gave a huge breakout in May last year and continued in an upward channel, marked in blue.
- After touching the bottom of the new channel in early April, the stock started ascending with vigorous volume distribution.
- BAPL created a bullish IFDZ and reached a high of Rs. 60.5 before pulling back to the IFDZ with suitable volume contraction and then expanded volume, indicating a potential long entry.
🚨 TECHNICAL BUY CALL – BAPL🚨
- BY1: Rs. 44.25 (current price)
- BY2: Rs. 40.5
- BY3: Rs. 38.9
Target Prices
- TP1: Rs. 49.9
- TP2: Rs. 57.9
- TP3: Rs. 65.1
Trade Validity
- Stop loss: below Rs. 36.7
- Reward-to-risk ratio: 5.4
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.