BANK ALFALAH LTDLong
BAFL Analysis
We can confirm our analysis on the basis of confluence in which candle closes above 21 EMA and volume seems to be huge. Considering this we can take a short profit, by buying this stock at closing price which is close to 41 and then apply a stop loss at 40.50 and can take profit around resistance zone which is 43 and it can be validated by Fibonacci retracement
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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.