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.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
- 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.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
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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.