We can attempt to buy OBOY from specified levels as it give breakout of trendline resistance , accumulation phase , also there is no bearish divergence at current levels. SL , TP mention in chart.
OBOY has broken out of the accumulation phase and has created a new higher high, it is all set to start a new bullish rally. If the KSE-100 continues to showcase strength, OBOY could potentially give a 40%-60% return in coming weeks. Targets are mentioned on the chart.
- Can Accumulate with a Stoploss of 6.50 (Closing basis) - However, if 8 is Sustained, Target will be 9 plus
OBOY is on the verge of accumulation phase breakout. This phase followed by advancing or trending phase which is good for bulls/buyers. Buy at cmp SL : 5.15 TP1 : 9.40 TP2 : 12