Monthly Closing above 440 would be a positive sign.GLAXO
CMP 413.56 (11-09-2025 12:57PM)
Monthly Closing above 440 would be a positive sign.
On the flip side, 385 - 390 seems to be a Good Support
with Immediate Resistance around 440 - 445.
Though it is Bullish on Bigger tf but its important to
Cross its mentioned Resistance level & sustain it.
GlaxoSmithKline Pakistan Limited
No trades
Trade ideas
# GlaxoSmithKline Pakistan Ltd. (GLAXO)Time Frame: Weekly
Pattern: AB=CD Harmonic Pattern
Trend: Strongly Bullish
🔎 Pattern & Structure
The chart highlights a harmonic AB=CD pattern, a bullish continuation setup.
The stock has already completed its A → B → C leg, and is now projecting towards point D, which aligns with higher price targets.
Price is holding above key moving averages (red, blue trendlines), confirming uptrend momentum.
Order block zones (green) act as strong demand levels below current price, providing support.
📈 Trade Plan
Buy Stop: Rs. 495.21 (confirmation breakout level)
Stop Loss (SL): Rs. 333.76 (below strong support zone)
Target Prices:
TP1: Rs. 651.77
TP2: Rs. 774.08
📊 RSI Divergence Indicator
Current RSI = 60.97, leaning bullish while staying below overbought levels.
Past bearish divergences (red markers) signaled temporary pullbacks, but long-term uptrend stayed intact.
Historical bullish divergences (green) aligned well with bottoms, adding credibility to the current bullish outlook.
RSI suggests further upside potential before any exhaustion.
🚀 Projection Path
Breakout above Rs. 495 will confirm continuation of the AB=CD bullish leg.
First major upside target is Rs. 651.77, followed by Rs. 774.08, completing the projected harmonic move.
Sustained buying pressure could push GLAXO beyond Rs. 774 in the long run.
⚠️ Risk Management
SL at Rs. 333.76 protects against a failed pattern or breakdown.
Watch for weekly close above 495 for confirmation before entry.
Global pharma sentiment, local healthcare demand, and PSX trends may act as catalysts.
✅ Conclusion: GLAXO is in a bullish harmonic structure (AB=CD) with upside targets of Rs. 651 and Rs. 774. With RSI supportive and trend strongly bullish, a breakout above Rs. 495 could mark the beginning of a new impulsive rally.
Though Bullish on Monthly tf, butGLAXO Closed at 390.42 (23-05-2025)
Though Bullish on Monthly tf, but weekly bearish
divergence has started appearing.
Important Support level is around 367 - 372; but
important to Sustain 388 - 390 atleast for further upside.
Immediate Resistance is around 410 - 420
Breaking 300 will bring more selling pressure.
GLAXO-1H (PSX) – Bullish Reversal; Targeting: 435 - 475📊 GLAXO-1H (PSX) – Short-Term Analysis; Targeting: 435 - 475
CMP: 410
GlaxoSmithKline Pakistan Limited (GLAXO) is currently trading within a critical Golden Pocket Zone, between the 50% and 61.8% Fibonacci retracement levels, around 423.69 to 411.50. This zone often acts as a strong support area where price reversals are highly probable. The Stochastic RSI is deeply oversold, indicating that selling pressure may be exhausting and a potential bounce could be near. Price action is stabilizing around 410, suggesting short-term support. As long as GLAXO holds above 410, there is a good chance for a rebound toward 423–425 initially, and further upside toward 435–445 & 461 - 475 if momentum builds . However, a breakdown below 400 would weaken the bullish setup and open room for more downside. Cautious optimism is advised while monitoring for confirmation signals above 415.
Glaxo Stock Trading StrategyGlaxo is in an uptrend. A buying opportunity arises if the stock weakens to 430-420, with:
Key Levels:
1. *Buy zone*: 430-420
2. *Stop loss*: 410
3. *Target 1*: 460
4. *Final target*: 485
Strategy:
1. *Buy on weakness*: Enter the trade if the stock price dips to 430-420.
2. *Risk management*: Set a stop loss at 410 to limit potential losses.
3. *Profit targets*: Aim for 460 and 485.
Considerations:
1. *Market conditions*: Monitor overall market trends and news.
Glaxco Stock Buying OpportunityGlaxco is in an uptrend. A buying opportunity arises if the stock weakens to 430-420, with:
Key Levels:
1. *Buy zone*: 430-420
2. *Stop loss*: 410
3. *Target 1*: 460
4. *Final target*: 485
Strategy:
1. *Buy on weakness*: Enter the trade if the stock price dips to 430-420.
2. *Risk management*: Set a stop loss at 410 to limit potential losses.
3. *Profit targets*: Aim for 460 and 485.
Considerations:
1. *Market conditions*: Monitor overall market trends and news.
Glaxco Stock Buying Opportunity:Glaxco is in an uptrend. A buying opportunity arises if the stock weakens to 430-420, with:
Key Levels:
1. *Buy zone*: 430-420
2. *Stop loss*: 410
3. *Target 1*: 460
4. *Final target*: 485
Strategy:
1. *Buy on weakness*: Enter the trade if the stock price dips to 430-420.
2. *Risk management*: Set a stop loss at 410 to limit potential losses.
3. *Profit targets*: Aim for 460 and 485.
Considerations:
1. *Market conditions*: Monitor overall market trends and news.
Stock is Bullish but Currently moving in a Rectangular Channel.Stock is Bullish but Currently moving in a Rectangular
Channel.
Crossing 426 may lead it towards 450 &
Sustaining 450-455 may lead it towards 490 - 500.
However, breaking the Support of 360 will lead
it towards 290 - 300 where a Double bottom formation
can be seen.
It may test 350 - 355 on Weekly basis;It may test 350 - 355 on Weekly basis;
However, Monthly Closing above 354 would be
a positive sign.
Crossing 407 may give a further spike towards
390 & then may be around 400 - 430 +
Once 445 - 446 is Sustained, we may see a Huge
Rally towards New Highs (probably around 600+)
Breaking 350 would bring more Selling pressure.
GLAXO - PSX - Technical AnalysisGLAXO on Daily TF is moving up in a parallel channel, and presently at the support of channel. RSI has a bearish divergence present. Moreover, since 28 Oct 2024, KVO was in a bullish state but today on 09 Dec 2024 it has changed to bearish as it has dipped below zero level indication a likely retracement. Fib retracement up till 38.20% will be very good to define a prominent HL for the next leg of AB=CD pattern. Even retracement up to 50% can not be ruled out.
My Trade Values
Buy-1: 333
Buy-2: 310
TP-1: 455
TP-2: 531
SL: 287
In case price goes up from here taking support from the parallel channel then it will go up to hit TP-1 and then retrace to make at HL and then next leg of AB=CD pattern will begin whose Target should be TP-3.
GLAXO - PSX - LONG (Buy) Trade Call On Daily TF, Bullish Hidden Divergence on RSI has already played. However, price is above EMA 89 and Klinger Volume Oscillator is above zero line; therefore, both indicating the continuation of bull run. price with little bit retracement should continue upwards. Fib Extension Tool has been used to identify TPs for new all-time highs.
My trade values are mentioned below: -
Entry LONG (Buy) : 254
TP 1: 298
TP2: 330
SL: 208






















