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.
Not
65.50 🚀🚀Not
16.25% running in profit 🚀🚀🚀🚀
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.