Buy Plan: Meezan Pakistan ETF (MZNPEFT)✅ Buy Plan: Meezan Pakistan ETF (MZNPEFT)
📅 Date of Setup: August 7, 2025
🕐 Timeframe: Daily (D1)
🔍 Technical Context:
Dealing Range: Marked in blue zone between ~16.30 to ~17.34.
Entry Zone: Entry executed near top of dealing range at ~16.90.
Stop Loss: Below dealing range low at 15.57.
Target: Previous structural high at 20.40.
Risk-to-Reward Ratio (RRR): 1:3+
➤ Gain Potential: +3.50 points (+20.74%)
➤ Loss Risk: -1.33 points (~7.86%)
📈 Reasons to Buy:
HTF Context Support: Price reacted from a strong bullish POI (potential FVG or structural swing).
Valid Dealing Range Formed: Price closed above the red candle series, showing strength.
Break of Structure (BoS): Price broke above minor resistance and confirmed shift in orderflow.
Bullish Momentum: Strong bullish candles closing above mid-range confirms buyers' control.
FVG Alignment (if applicable): Likely formed a bullish Fair Value Gap on lower TF inside dealing range.
📌 Execution Plan:
Parameter Value
Entry Price 16.90
Stop Loss 15.57
Target Price 20.40
Risk per Trade As per account (suggest 1%)
RRR ~2.6R
🧠 Management Strategy:
✅ If price closes above 17.50 → Consider partial profit.
🔄 If price pulls back into mid of dealing range (around 16.80) → Opportunity for re-entry.
❌ Invalidate bias if price breaks and closes below 15.50.
