GGL trade ideas
Ghani Global Holdings Ltd. (GGL) Technical Analysis Overall Trend
On the weekly timeframe, the stock has turned bullish, making clear Higher Highs (HH) and Higher Lows (HL).
After a long consolidation phase (sideways box), price has broken out strongly and is trending upwards.
📈 Chart Highlights
Breakout from Consolidation
The stock traded in a sideways range (boxed zone) for nearly two years.
A breakout happened with strong bullish candles, confirming a trend reversal from accumulation to uptrend.
Entry Strategy
Buy instant at current levels (~23.29 PKR).
Or accumulate on pullbacks near 21–18 PKR zone (higher low region).
Stop Loss & Risk Control
Stop Loss: 13.95 PKR (below strong support & structure low).
Target Levels (Take Profit)
TP1: 31.58 PKR (intermediate resistance & previous swing projection).
TP2: 39.96 PKR (major resistance & projected higher move).
📊 Indicators
RSI Divergence Indicator (14):
Currently at 78.73, showing strong bullish momentum.
Earlier bullish divergences supported the breakout from consolidation.
Overbought, but this is often a sign of strength in breakouts on higher timeframes.
Trading View
GGL has moved from a long consolidation into a clear uptrend.
The bullish structure remains valid as long as HL > 18 PKR.
If the price corrects, it may retest 21–20 PKR zone before resuming the rally toward TP1 and TP2.
Summary: Ghani Global Holdings (GGL) on PSX has broken out of multi-year consolidation and is trending bullish on the weekly timeframe. Buy entries are valid around current levels or dips toward 21–18, with stop loss at 13.95. Targets are 31.58 and 39.96, supported by strong momentum and bullish RSI signals.
GGL Likely to Touch PKR 20.62 SoonGhani Global Holdings Limited (PSX: GGL) is displaying strong bullish signals, with rising volume and a steady uptrend pushing the price closer to key resistance levels. The stock recently rebounded from support around PKR 12.00 and has been forming higher lows on the daily chart — a classic bullish structure.
Momentum indicators like RSI remain in healthy territory, and a breakout above PKR 16.96 (the 52-week high) could trigger a rally toward PKR 20.62. With improving investor sentiment and positive fundamentals, GGL looks poised to test this level in the short to medium term.
This is not buy or sell call do your own research.
GGL: Time Cycles Indicate a 500% returnAnalyzing the time cycles of GGL reveals a consistent pattern of increasing bullish moves over successive cycles. Starting with a 5-bar rally (2015), followed by 15 bars (2016), then 25 bars (2021), the trend suggests an upward trajectory. If this progression holds, we could see a 35-bar move from the current cycle, potentially culminating in August 2025.
An upward trendline aligns with this projection, reinforcing the bullish sentiment. Additionally, with PSX currently in a bullish phase, GGL will likely align its performance with the KSE100 index, adding further strength to this outlook.
Based on historical patterns and market dynamics, an all-time high (ATH) of Rs.53 is on the horizon by August 2025, Patience and proper risk management are key to riding this potential bull wave!
GGL - PSX - Technical AnalysisOn daily TF, GGL is following the bullish parallel channel. Price is almost at the bottom support of the channel with 45% Fib retracement. Therefore, one can enter the trade at this time.
Trade Values:
Buy1: 13.95 (Current Market Price)
Buy2: 13.55
SL: 13.50
TP-1: 18.27
TP-2: 19.95