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Ghandharaautomobiles

GAL Technical Analysis: Bullish Setup in PlayGAL (Ghandhara Automobiles Limited) Price is trading above the 89 Fibonacci EMA, a level it has historically respected, confirming the overall bullish trend. It is also moving above the upward trendline and recently respected horizontal support since August. Stop loss can be placed aggressively below the horizontal support and 89 EMA on closing basis, or conservatively just below the trendline. Price has broken out of an ascending triangle, and RSI is in sync with the move, adding further confirmation. The first target aligns with the all-time high, while the second target corresponds to the D point of the AB=CD harmonic pattern. A trailing stop is recommended to ride the trend beyond these levels. Fundamentals: GAL is a strong company, showing positive revenue growth, operating income, net income, and EPS over recent quarters. Recommended Levels: Buy: 560.5 (CMP) Stop Loss: Closing below 530 Take Profit 1: 620 Take Profit 2: 700 Take Profit 3: Ride the trend with a trailing stop Potential upside remains as long as price sustains above 89 EMA and upward trendline. Happy trading!
PSX:GALLong
by TradeWithParas
GAL Technical Analysis: Bullish OpportunityGAL (Ghandhara Automobiles Ltd.) is showing a strong bullish setup. Price is holding above its trendline after bouncing off solid horizontal and rectangle support zones. On top of that, GAL has a history of performing well in July, which adds a seasonal boost to the setup. Fresh entries can be considered at the CMP, while for averaging or pullbacks, 375 and even 350 could offer attractive buy zones if the price dips. For risk management, there are two stop-loss options: a conservative one below 318 to guard against broader breakdowns or gap fills, or a more aggressive one on a closing basis under 350, just beneath key structure. Take Profit 1 at 490 lines up with rectangle resistance. A strong close above this opens the door to the next projection around 630. If price manages a firm close above 630, momentum could drive it further, with the AB=CD pattern pointing toward a stretch target near 700. Trading Recommendations: Buy 1 (CMP): 404 Buy 2: 375 Stop-Loss (Aggressive): Closing below 350 Stop-Loss (Conservative): Closing below 318 Take Profit 1: 490 Take Profit 2: 630 Take Profit 3: 700 Happy trading!
PSX:GALLong
by TradeWithParas