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INTERLOOP LTD

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ILP trade ideas

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.
PSX:ILPLong
by mbaberhanif
ILP | Head & ShoulderILP showing a clear Head and Shoulders pattern, which is a common bearish reversal signal. The components of the pattern include: Left Shoulder : The first peak that forms after an uptrend, followed by a pullback. Head : The highest peak that follows the left shoulder, followed by another decline. Right Shoulder : The final peak, lower than the head but similar to the left shoulder, indicating weakening upward momentum. The pattern's Neckline is clearly drawn around the PKR 64 mark, and the price has broken below it, confirming the head and shoulders formation. The price recently fell significantly (down 11.66%), suggesting a potential move lower, as depicted by the projected trendline that points towards a support level around PKR 46.30. The overall analysis points to a bearish outlook, with a likely further decline towards the mentioned support level, assuming no significant changes in market dynamics.
PSX:ILPShort
by mbaberhanif
1
ILP | Head & ShoulderThe chart represents a head and shoulders pattern for Interloop Ltd. (ILP) on the Pakistan Stock Exchange (PSX). This technical analysis indicates a potential reversal in the stock's upward trend. The chart marks the "Left Shoulder," "Head," and "Right Shoulder" at the top of the price movement, forming the classic head and shoulders structure. The "Neckline," drawn horizontally, acts as a support level around PKR 63.91. The stock price has tested the neckline multiple times, and a breakdown below this level could indicate a further downward trend, possibly aligning with the projected blue arrow suggesting a significant price drop if the pattern completes.
PSX:ILPShort
by mbaberhanif
PSX: ILP (Interloop Ltd), BULLISH Trade Idea: Long Position in Interloop Limited (ILP) 1. Context and Overview: Stock: Interloop Limited (ILP) Technical Analysis Approach: We’ll examine key price levels, patterns, and recent changes in character. 2. Technical Analysis: FVG (Fair Value Gap) Region: The price is currently tapping into the FVG region, which spans from 69.71 to 71.18. FVG acts as potential support, suggesting a bounce-back opportunity. Order Block (OB) Region: The price is entering the OB region, ranging from 66.77 to 71.19. OB regions often indicate significant accumulation or distribution. Change of Character (CHoCH): Recent price behavior shows a potential change in character. If the price bounces back, it could signal a bullish reversal. 3. Trade Setup: Entry Point: Look for confirmation of price bouncing back within the OB region. Profit Target: Aim for a price target of 77. Note: This level is considered weak high levels, so monitor closely. Stop Loss (SL): Set SL at 71.2 (critical accumulation point). 4. Rationale: The combination of FVG support, OB entry, and CHoCH suggests a favorable setup. The next earnings announcement on Wed, May 9, 2024, could drive price movement. 5. Conclusion: Consider a long trade in ILP if conditions align. Monitor price action and adjust your position as needed. Remember to manage risk and stay informed about market developments. Happy trading! 📈🔍
PSX:ILPLong
by tell_Arshad
1