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BANK OF PUNJAB
Long
Updated

BOP

236
🚀 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.
Trade closed: stop reached

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