BIPL LONG TRADE
Previous Price Action
BIPL has recently broken out of its re-accumulation zone, which began in February last year. The stock has demonstrated high momentum with a bullish IFDZ and a bullish measuring gap, indicating a strong uptrend. This setup uses the quantified displacement method to calculate targets, indicating a high potential for continuation of the uptrend.
🚨 TECHNICAL BUY CALL – BIPL🚨
- *Buy 1*: Rs. 28.0 (current level)
- *Buy 2*: Rs. 27.2
- *Buy 3*: Rs. 26.0
- *Buy 4*: Rs. 25.5
- *TP 1*: Rs. 29.8
- *TP 2*: Rs. 32.0
- *TP 3*: Rs. 34.0
- *TP 4*: Rs. 35.8
Stop Loss
- *Stop Loss*: Below Rs. 22.9
Risk-Reward Ratio
- *Risk-Reward Ratio*: 3.11
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.
Previous Price Action
BIPL has recently broken out of its re-accumulation zone, which began in February last year. The stock has demonstrated high momentum with a bullish IFDZ and a bullish measuring gap, indicating a strong uptrend. This setup uses the quantified displacement method to calculate targets, indicating a high potential for continuation of the uptrend.
🚨 TECHNICAL BUY CALL – BIPL🚨
- *Buy 1*: Rs. 28.0 (current level)
- *Buy 2*: Rs. 27.2
- *Buy 3*: Rs. 26.0
- *Buy 4*: Rs. 25.5
- *TP 1*: Rs. 29.8
- *TP 2*: Rs. 32.0
- *TP 3*: Rs. 34.0
- *TP 4*: Rs. 35.8
Stop Loss
- *Stop Loss*: Below Rs. 22.9
Risk-Reward Ratio
- *Risk-Reward Ratio*: 3.11
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.