FABL – Healthy Retracement Before the Next Leg Up

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FABL – Healthy Retracement Before the Next Leg UpFaysal Bank LimitedPSX_DLY:FABLAlphaEdge_TradingFABL Technical Analysis – Healthy Retracement Before the Next Leg Up Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always manage your risk before entering any trade. FABL is currently undergoing a healthy retracement after its recent bullish move. The overall market structure remains bullish, and this pullback appears to be a normal correction rather than a trend reversal. Instead of chasing the price, it is better to wait for the stock to revisit the proposed accumulation zone where the risk-to-reward becomes more favorable. Entry Zone (EP): 94 – 96 • This area offers a good opportunity to accumulate positions during the retracement. • Wait for price to stabilize or show bullish price action before entering. • Consider building the position gradually instead of buying all at once. Stop Loss (SL): 85 • Place the stop loss below the recent swing low to protect against a breakdown of the current bullish structure. Target (TP): 105 • This is the first major upside target and previous resistance area. • Partial profit booking near this level is recommended while trailing the remaining position if momentum remains strong. Risk & Reward Using an average entry of 95: • Risk to SL: ~10.53% • Potential Gain to TP: ~10.53% Trading Plan • Wait patiently for price to enter the 94–96 accumulation zone. • Enter only after confirmation or signs of buying strength. • Maintain strict risk management with the stop loss at 85. • Book profits near 105 or trail your stop if the stock breaks above resistance with strong volume. The best trades come from disciplined entries during pullbacks, not from chasing momentum. Let the market come to your levels and follow your trading plan with patience.