BIPL LONG TRADE 05-06-2025BANKISLAMI PAKISTAN LTDPSX:BIPLMushtaque77BIPL has been trading in a channel since March 2024, with a range of PKR 20 to PKR 26.1. Recently, the stock made a sharp downward move in the form of a spring, quickly returning within the range, indicating a potential reversal or upward action. The stock has formed a reversal pattern in the shape of an inverted head and shoulders pattern, with adequate volume distribution and price action in a spike fashion, suggesting an upward move is likely. However, buying at the current level of PKR 23.15 is not recommended. Instead, we suggest waiting for a pullback to the demand zone that caused the upward move, which lies between PKR 22.3 and PKR 21.4. 🚨 TECHNICAL BUY CALL – BIPL🚨 - Buy 1: PKR 22.3 - Buy 2: PKR 21.4 TP1: PKR 24.7 TP2: PKR 26 stop Loss: Below PKR 20 (DAILY closing) Risk-Reward Ratio: 1:3.37