ILP | End of H&S Pattern?
Interloop (ILP)- Swing Trade Setup
Company Profile
Interloop is a leading vertically integrated textile manufacturer, producing high-quality hosiery, denim, knitted apparel, and seamless activewear for top global brands and retailers with a strong focus on ESG.
Trade Setup
Current Price PkR63.50
Entry Price PkR63
First Target PkR70
Second Target PkR75
Third Target PkR80
Stop Loss PkR54.50
Risk & Reward Ratio 2
PE Ratio 5.6 (below 6)
Analysis:
ILP declined after making Head & Shoulder patter and currently at its support level. Last two week candle shows sustaining in the price. Possible pull back is expected. It's entering a double bottom zone, which typically indicates a bullish reversal. Look for entry points in the designated buyback zone for a strategic trade.
Price Targets:
Expect an initial surge to around PkR70 and aim for a mid-term target of PkR75. Optimistically, the final setup target could hit PkR80.
Company Profile
Interloop is a leading vertically integrated textile manufacturer, producing high-quality hosiery, denim, knitted apparel, and seamless activewear for top global brands and retailers with a strong focus on ESG.
Trade Setup
Current Price PkR63.50
Entry Price PkR63
First Target PkR70
Second Target PkR75
Third Target PkR80
Stop Loss PkR54.50
Risk & Reward Ratio 2
PE Ratio 5.6 (below 6)
Analysis:
ILP declined after making Head & Shoulder patter and currently at its support level. Last two week candle shows sustaining in the price. Possible pull back is expected. It's entering a double bottom zone, which typically indicates a bullish reversal. Look for entry points in the designated buyback zone for a strategic trade.
Price Targets:
Expect an initial surge to around PkR70 and aim for a mid-term target of PkR75. Optimistically, the final setup target could hit PkR80.
注释
65.50 🚀🚀注释
16.25% running in profit 🚀🚀🚀🚀
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