PNE Industries - 26 Sep 2025

• Stock Name & Ticker: PNE Industries Ltd (BDA.SI)

• Timeframe: Daily (1D)

• Date Range in view: ~Apr 2024 – Sep 2025

• Number of bars analyzed: ~120–130 trading sessions visible

• Last Traded Price: SGD 0.460

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1. Market Structure & Order Flow

• Trend Structure:

  • Swing Highs (SH): 0.645 → 0.600 → 0.560 → 0.485

  • Swing Lows (SL): 0.365 → 0.435 → 0.385 → 0.405

  • Current structure: Range-bound consolidation between 0.435 – 0.500, with repeated liquidity sweeps.

• Break of Structure / Change of Character:

  • BOS occurred at 0.435 → 0.365 (downside sweep).

  • CHoCH occurred when price reclaimed above 0.435, rejecting breakdown continuation.

• Momentum Decay:

  • Bar ranges are narrowing after the 0.600–0.645 spike → suggests energy compression.

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2. Advanced Volume-Price Relationship

• Absorption Signs:

  • Around 0.460–0.485, repeated high volume + small range bars suggest institutional accumulation.

• Climactic Action:

  • 0.600–0.645 rally had wide-range bars + heavy volume, likely exhaustion buying.

• Volume Divergence:

  • Lower highs in price (0.560 → 0.485) while volume spikes persist = distribution bias.

• Volume Expansion:

  • Spikes near 0.385 & 0.405 lows = shakeout + demand absorption.

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3. Institutional Footprint Recognition

• Liquidity Grabs:

  • Below 0.365 & 0.385, false breaks triggered retail stops before sharp reversals.

• Order Blocks:

  • Bullish OB near 0.435–0.445, respected multiple times.

• Fair Value Gaps (FVG):

  • Thin structure between 0.485–0.500, likely retest zone.

• Accumulation Phase:

  • Sideways structure with low-volume chop above 0.435 suggests stealth accumulation.

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4. Bar Pattern Recognition

• Reversal Bars:

  • Hammer-like wick rejections at 0.385 & 0.405 → demand confirmation.

• Engulfing Patterns:

  • Multiple bullish engulfing attempts off lows, but weak follow-through → accumulation, not breakout yet.

• Inside Bars:

  • Coiling inside-bar structures between 0.455–0.475, building energy.

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5. Multi-Timeframe Confluence

• Higher timeframe (weekly) likely still consolidating between 0.400–0.600.

• Daily compression inside this HTF range suggests breakout setup nearing.

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6. Psychological Levels

• 0.400 (support) – strong psychological floor.

• 0.500 (resistance) – round number + structural ceiling.

• 0.600/0.645 (upper liquidity) – key upside magnet if breakout succeeds.

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7. Risk-Adjusted Setup Identification

• Bullish Zone: Accumulation above 0.435, risk defined below 0.405.

• Upside Targets:

  • TP1: 0.485

  • TP2: 0.500 (major resistance)

  • TP3: 0.560–0.600 (measured move breakout)

• Risk/Reward: Entry 0.460, SL 0.405, TP2 0.500 → ~1:0.8 (weak). Needs TP3 for 1:2+.

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8. Market Regime Classification

• Ranging Regime: Price oscillating 0.435–0.500, multiple false breaks, low directional conviction.

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9. Institutional Supply/Demand

• Demand Zone: 0.405–0.435 accumulation area.

• Supply Zone: 0.485–0.500 defended by sellers.

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📌 Trade Summary

• Bias: Accumulation phase inside 0.435–0.500. Smart money absorbing below 0.435. Breakout above 0.500 unlocks upside.

• Plan:

  • Buying PNE Industries (SGX: BDA) because price is ranging with institutional absorption near 0.435, with stops at 0.405 targeting 0.560–0.600 for ~1:3 risk-reward ratio.

  • Confidence: 6.5 / 10

• Key Levels to Watch:

  • Support: 0.405 / 0.435

  • Resistance: 0.485 / 0.500

  • Breakout Magnet: 0.560–0.600

✅ Checklist before execution:

• Confirm breakout volume > 30-day average

• Ensure daily close above 0.500 for validation

• Define risk clearly below 0.405

Disclaimer:Please note that this analysis is for educational purposes only and should not be taken as investment advice. Trading involves significant risk, and you should consult with a financial advisor before making any decisions.

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