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Bank of PunjabBank of PunjabBank of Punjab

Bank of Punjab

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BOP trade ideas

BOPIt seems like you're discussing a trading strategy related to trendlines and price action. Here’s a brief explanation of the concepts: Trendline: A straight line that connects two or more price points and extends into the future to act as a line of support or resistance. Third Touch: In trendline trading, traders often look for the "third touch" of a trendline, which can indicate a strong level of support or resistance. The more touches a trendline has, the more significant it is considered. Bank of Punjab (BOP) Share Information Current Share Price: PKR 17.81 Price Change: Decreased by 2.73% (-0.51 PKR) Previous Close: PKR 18.17 Price Range Today: High: PKR 18.80 Low: PKR 18.03 Volume Traded: 33,724,452 shares Performance Over Time: 1 Week Change: -3.68% 1 Month Change: +24.98% 1 Year Change: +251.28% SummaryThe Bank of Punjab has shown notable volatility, with significant price fluctuations. In the last year, the stock price has increased considerably, making it an interesting option for investors. However, it faced a decrease recently, which could be a point of consideration for potential investors. Retest: After a price breaks through a trendline, it may return to that trendline (retest) before continuing in the direction of the breakout. A successful retest can provide a good entry point for traders.
PSX:BOP
by aaqureshi01
BOP PROBABLY IN WAVE ' 5 ' - LONGBOP is most probably in wave 5 If our wave count is correct then we are in wave 3 of 5 which has almost completed or will complete within this week, giving one more leg up before it starts to decline. Our buy zone is at 13 - 12 level (Ideally 12.65 - 12.50). Incase price makes another leg up then it will target price level 14.70 - 15 level and should start declining toward our buy zone from there, if this happens than our target will be 17 level. On the other hand if price do not go above 14.36 and start declining directly then the 1st target from buy zone will be 14.70 & 2nd target will be 17. Our preferred scenario suggests that price might go toward 14.70 and 15 level and then decline toward our buy zone, whatever the case maybe we are anticipating a sharp decline not a sideward consolidation. Trade Setup: Entry level: 12.65 - 12.50 Stop loss: 10.24 Target: T1: 14.70 (if price decline directly) T2: 17 Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
PSX:BOPLong
by KayJay
BOP Trade SetupThe stock has recently corrected towards its 200-day EMA, currently positioned at PKR 8.99, and has shown signs of stabilizing near this key long-term support level. Historically, the 200 EMA often acts as a strong bounce zone, especially in stocks that have previously demonstrated bullish momentum. The recent downtrend appears to be losing strength, with declining red volume indicating possible seller exhaustion. A rebound from current levels could signal a short-term trend reversal, offering a favorable risk-reward setup for swing traders. With moderate volume support and price action indicating potential consolidation, BOP presents a compelling opportunity for investors looking to enter near support with clearly defined risk parameters.
PSX:BOPLong
by mbaberhanif
Understanding BOP’s Bullish Trendstock’s strong uptrend, trading within an ascending channel, and currently consolidating within a resistance zone. The price is currently consolidating within a red resistance box, indicating that it is facing some selling pressure.A breakout above this zone could trigger another bullish rally Immediate resistance: Around 12.20-13.50 PKR, where the stock is currently consolidating. 12.00-12.20 PKR, act as support for price retraces. If the price successfully breaks out above 13.50 PKR, it may continue its uptrend toward the next resistance within the channel (15.75-16.25) However, if it fails to break out, a short-term pullback to the lower trendline (around 12.00 PKR) could provide a better buying opportunity.
PSX:BOP
by jahanzaibM
BOP🚀 Stock Alert: BOP 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Range: 5.50-5.60 🎯 First Target : 5.80 🎯 Second Target : 6.36 🎯 Target Target : 8.20 (Long Term) ⚠ Stop Loss: 5.23 ⏳ Nature of Trade: Swing Trade 📉 Risk Level: Medium ☪ Shariah Compliant: NO 💰 Dividend Paying: YES 📰 Technical View: On the weekly timeframe, BOP indicates a retracement from its support level of 5.23, representing a 61.8% retracement, coinciding with the appearance of a doji candle on the chart. This setup suggests a swing trade opportunity, with a stop loss set at 5.20 and initial targets at 5.80 and 6.36. For those considering a long-term approach, the previous high of 8.20 could serve as a potential target.
PSX:BOPLong
by mbaberhanif