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GCIL

GCILGCIL (PSX) – Bullish Continuation Setup 🚀 Fundamental Positives (Recent Quarter) 📊 ✅ Earnings Growth: Latest quarterly results showed improved EPS, reflecting better operational performance 💰 ✅ Margin Improvement: Gross & operating margins expanded due to better cost control and stable sales mix 📈 ✅ Lower Financial Pressure: Finance cost remained controlled, supporting net profitability and cash flows 🏦 Technical View 🔍 📈 Healthy Retracement: Stock completed a controlled pullback from previous top and respected key support 🔼 Higher Highs Structure: Price action is now forming Higher Highs (HHs) & Higher Lows (HLs) clear bullish trend continuation 🔥 Momentum Shift: Buyers stepping in with strength, indicating potential breakout toward new High Conclusion 🎯 GCIL is showing strong confluence of fundamentals + price action. As long as the HH–HL structure holds, bias remains bullish for upside continuation 🚀
PSX:GCILLong
by SmartMoney-AR
GCIL - PSX - Technical AnalysisOn daily TF, GCIL has been consistently following AB=CD pattern with Fib 50% retracement on previous two occasions. On the same premise, one can take trade for quick profit booking. Moreover, it is also observed that volumes are more than previous occasions, therefore, the prices could even be pushed further up than AB=CD suggested. RSI still has some room to play and EFI is suggesting very strong buying. Trade value Buy : 38.46 (CMP) SL: 34.50 TP-1: 42 TP2: 44
PSX:GCILLong
by Golden_Spur