BNL (Bunny's Limited) – Buy Setup 1HBunny's Ltd.PSX:BNLTHE-CHART-ALCHEMISTBNL (Bunny's Limited) – Buy Setup 1H By The Chart Alchemist Setup Explanation BNL was previously trading in a well-defined downtrend and displayed multiple selling climaxes, indicating persistent distribution. However, the final selling climax showed characteristics of seller exhaustion, culminating in a terminal wedge formation. This was followed by a period of accumulation, highlighted by the purple channel, where supply was gradually absorbed by stronger hands. The stock subsequently broke out of this accumulation zone, signaling a potential trend reversal. After the breakout, price successfully retested the former resistance area and found support, confirming the validity of the breakout. The retest itself has now broken higher, suggesting that buyers remain in control. The Volumetric Distribution Profile further strengthens the bullish case by validating both the breakout and the proportional nature of the pullback. From a Contextual Price Action perspective, the sequence of seller exhaustion → accumulation → breakout → successful retest provides a favorable structure for a bullish continuation move. --- Buy Zone 7.20 – 7.40 Targets TP1: 7.80 TP2: 8.20 TP3: 8.60 Stop Loss Below 7.00 Risk : Reward 1 : 6.2 Trade Management Initiate positions within the Buy Zone while maintaining disciplined risk management. Consider booking partial profits at each target level. Upon achievement of TP1, traders may consider shifting the stop loss toward breakeven to protect capital. Continuously monitor Contextual Price Action and market structure. Respond to changes in structure and context rather than relying on lagging indicators. A decisive breakdown below the accumulation structure would invalidate the bullish thesis. Educational Notes The setup is based on Contextual Price Action, not indicator signals. The combination of an exhausting selling climax, terminal wedge, accumulation, breakout, and successful retest significantly improves the probability of trend reversal. Volume and structure are supporting the bullish narrative, making this a technically constructive setup. Disclaimer: This analysis is shared solely for educational purposes and does not constitute investment advice. Always conduct your own research and manage risk according to your trading plan.