HBL PROBABLY IN WAVE '' C '' OR " X " - SHORT

5월 5일

This is in continuation of our HBL wave count/idea shared earlier.

HBL is most probably in wave C or X which will take price down towards 127-122 range area,
prices are currently at a resistance level which has acted as a strong support previously therefore we are confident that it should hold and keep prices from climbing up.

We will short sell HBL once price break below 146.80 level and will target 133-130 range and further down 124-122 range, however prices might reach 160 before starting its decline. Alternately if prices break above 163 then this trade setup will get invalidated.

Although the risk/reward ratio is not that impressive but looking at the overall stock market momentum and geopolitical unrest, we have a little more confidence in this trade.

Trade setup:

Entry price: 146.80

Stop loss: 163

Targets:
T1: 133-130
T2: 124-122

Let see how this plays, Good Luck!

Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.

5월 6일

액티브 트레이드

Shor sell trade has been activated in HBL-MAY futures

Stop loss: 163 (based upon regular market)

Targets: (based upon regular market)

T1: 133-130
T2: 124-122

5월 9일

거래청산: 타겟 닿음

Posting this with a delay, we have closed our positions at 130.

Entry price: 146.80

Exit price: 130

Profit @ share: 16.80

Gross profit: 11.44%