BECO LONG TRADE
BECO stock on the 1H timeframe has shown a gradual upward move, marking higher lows and higher highs. After a re-accumulation phase since December last year, it broke out of a six-month-old trading range, signaling a new uptrend.
Price Movement: During the breakout and upward move, BECO created a bullish FEG, a bullish Shutter Block, and a bullish IFDZ, indicating strong buying interest.
🚨 TECHNICAL BUY CALL – BECO🚨
- *Buy 1*: PKR 10.83 (current level)
- *Buy 2*: PKR 10.5
- *Buy 3*: PKR 10.11
- *TP1*: PKR 11.8
- *TP2*: PKR 12.4
- *TP3*: PKR 13.18
Stop Loss below PKR 9.4 Daily Close
Risk-reward ratio of 3.2
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.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
BECO stock on the 1H timeframe has shown a gradual upward move, marking higher lows and higher highs. After a re-accumulation phase since December last year, it broke out of a six-month-old trading range, signaling a new uptrend.
Price Movement: During the breakout and upward move, BECO created a bullish FEG, a bullish Shutter Block, and a bullish IFDZ, indicating strong buying interest.
🚨 TECHNICAL BUY CALL – BECO🚨
- *Buy 1*: PKR 10.83 (current level)
- *Buy 2*: PKR 10.5
- *Buy 3*: PKR 10.11
- *TP1*: PKR 11.8
- *TP2*: PKR 12.4
- *TP3*: PKR 13.18
Stop Loss below PKR 9.4 Daily Close
Risk-reward ratio of 3.2
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.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Trade closed: target reached
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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.