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Bank Alfalah LimitedBank Alfalah LimitedBank Alfalah Limited

Bank Alfalah Limited

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BAFL is near to END of Major cycleBAFL is near to END of Major cycle As per my analysis BAFL has/is going to finish a major cycle with completed upward movement. Now there are two main scenarios, but both will go downside in coming years. One has shorter downward movement and other may go quite deeper. 1- For short downward move BAFL can ideally hit a minimum value of 37 ideally or may bounce back in range of 12 -37 PKR. However, it is not a hard 'n' fast rule, it can even bounce upward from 55, in a very bullish conditions. 2- In case of a deeper downward move, BAFL can bounce back from 27, or can move even deeper to range between 13.5 - 27 or 3.25 - 7.5. However, both scenarios will be highly depending on market structure and fundamentals of the stock.
PSX:BAFLShort
by TraderzWorld
BAFL Stock in Correction Phase After RallyThe monthly chart for Bank Alfalah Ltd (BAFL) on the Pakistan Stock Exchange shows a strong upward price movement followed by a corrective phase. After a significant rally, increasing by 37.17%, the price has pulled back and is currently testing support around the 61.99 PKR level. Key Fibonacci retracement levels indicate potential support at 55.50 PKR (38.2% retracement), with stronger support at 50.18 PKR and 44.85 PKR if the correction deepens. The price appears to be consolidating, and a bounce from these levels could target the previous high of 85.03 PKR. Volume trends during the rally suggest sustained interest, but the current phase reflects a cautious correction.
PSX:BAFLLong
by mbaberhanif