DFML LONG TRADE 14-05-2025DEWAN FAROOQUE MOTORS LTDPSX:DFMLMushtaque77DFML LONG TRADE DFML previously formed a double top pattern, which is typically bearish, but it appears to have failed. Recently, the stock reversed from a low of Rs. 25.6 in a spike pattern, consolidated, and then resumed its upward leg. Currently, DFML has formed: - A powerful bullish imbalance - A bullish mitigation block - Two bullish price imbalances The recent consolidation (since May 15) formed a bearish wedge (bull flag) with three down pushes, which has now broken out to the bullish side. 🚨 TECHNICAL BUY CALL – DFML🚨 - Buy 1: Rs. 39.48 (current price) - Buy 2: Rs. 38.4 - Buy 3: Rs. 37.2 - TP 1: Rs. 41.69 - TP 2: Rs. 44.4 - TP 3: Rs. 47.8 - *Stop Loss*: Below Rs. 34.4 closing basis - *Risk-Reward Ratio*: 3.8 Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.