BNWM – Falling Wedge Breakout Attempt; Early Reversal Signals Emerging
CMP: 67.74 | 1 – 4 MONTHS | HIGH RISK | TARGETS: 83–87 → 103–110–112 → EXT 133–140
BNWM is attempting a breakout from a long-term falling wedge structure after months of compression near the lower trendline. The strong bullish candle from the wedge apex indicates early reversal strength, with volume support also improving. A sustained close above 70–72 will confirm the breakout and open the path toward the first target zone at 83–87, where initial resistance sits. A continuation above this band can extend the move toward 103–110–112, while the extended breakout projection aligns with 133–140 as the long-term upside.
Holding above 62 keeps the breakout structure valid; weakness appears only below 59.
KEY POSITIVE TRIGGER: Bannu Woollen Mills has commissioned a 1.0 MW on-grid solar plant at its Bannu site, now supplying power to operations. The move aims to cut energy costs, reduce grid reliance, and lower carbon footprint. Sentiment remains neutral as this is an operational update, not a financial announcement.
Disclaimer: This is not investment advice; please do your own research before making any financial decisions.
CMP: 67.74 | 1 – 4 MONTHS | HIGH RISK | TARGETS: 83–87 → 103–110–112 → EXT 133–140
BNWM is attempting a breakout from a long-term falling wedge structure after months of compression near the lower trendline. The strong bullish candle from the wedge apex indicates early reversal strength, with volume support also improving. A sustained close above 70–72 will confirm the breakout and open the path toward the first target zone at 83–87, where initial resistance sits. A continuation above this band can extend the move toward 103–110–112, while the extended breakout projection aligns with 133–140 as the long-term upside.
Holding above 62 keeps the breakout structure valid; weakness appears only below 59.
KEY POSITIVE TRIGGER: Bannu Woollen Mills has commissioned a 1.0 MW on-grid solar plant at its Bannu site, now supplying power to operations. The move aims to cut energy costs, reduce grid reliance, and lower carbon footprint. Sentiment remains neutral as this is an operational update, not a financial announcement.
Disclaimer: This is not investment advice; please do your own research before making any financial decisions.
TradeFlow Advisors
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TradeFlow Advisors
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.