$BIFI printed a sharp impulsive breakout followed by a tight consolidation near the midpoint of the move, showing exhaustion at the top and loss of follow-through from buyers. The rejection from the spike high and inability to reclaim the upper zone suggests this move is being distributed rather than continued, keeping downside risk active in the short term………………….
As long as price remains below the rejection zone and fails to recover the impulsive high area, a deeper pullback toward lower support levels remains the higher-probability scenario, with sellers likely to control rebounds………………….
Trade Setup
Entry Range: 120 – 133
Target 1: 110
Target 2: 100
Target 3: 89.6
Stop Loss (SL): 138
BIFI
111.7
+9.18%