GTYR SEEMS BULLISH TOWARDS 60The stock broke out of an accumulation phase, achieved a high of 51.04, pulled back, and is now poised to move upwards to 60
GTYR trade ideas
Reversal Confirmed: Bullish FVG Holds, Next Stop 55.65GTYR on the daily timeframe shows the formation of a classic inverse head and shoulders pattern, which is a bullish reversal structure. The breakout above the neckline occurred with strength, confirming the reversal. The price also broke above a Bearish FVG and BPR (Break of Structure with Price Return) zone, turning previous resistance into a support area. It is now consolidating just above the Bullish FVG, which may act as a demand zone if a pullback occurs. The projected bullish target lies near the Bearish Order Block (OB) around 55.65, while the invalidation level is below 42.90, offering a favorable risk-reward ratio. Overall, the setup favors the bulls as long as the price stays above the bullish FVG zone.
GTYR at the cusp of breakoutFib 0.236 level from last peak and trend line is the main hurdle. Once it breaks, resistances on pivots and other Fib levels will be the targets.
GTYR | Inverse Head & Shoulder PatternGTYR on the daily timeframe shows a classic Inverse Head and Shoulders pattern forming, indicating a potential bullish reversal. The pattern is well-defined with the left shoulder, head, and right shoulder, and price is currently testing the neckline resistance around PKR 41. A successful breakout above the neckline could trigger a strong upward move, with projected targets around 44.68, 47.60, and ultimately 50.78. Confirmation of breakout and sustained volume will strengthen the bullish case.
Possible Setup..Immediate Resistance is around 40 - 40.50
Crossing this level will take it to 42.50 - 43
GTYR is BullishPrice is in a trending phase, consistently printing higher highs and higher lows, with no divergence on top and a bounce from trendline we can hope for another leg up as per Dow theory. Targets are mentioned on the chart.
Double BottomDouble bottom with Bullish Divergence
Immediate Targets around 43 - 45
Support is around 39 - 39.50
Should not Break 37.50
GTYR LongRespected its Channel Bottom and will now move upwards towards its next targets i.e. 60
Breaking 60 will lead to its new highs i.e. 73 and 95. Stop loss remains at 38
Third time's the Charm? Waiting for Re-Entry on DOW MonthlyAfter successfully buying and offloading chunks twice, I’m now eagerly waiting for the price to revisit my Potential Entry Box to buy back the already offloaded chunk. If the pattern holds, I’ll likely offload again in the next target zone (new offload chunk box). 😊
Before you launch a rocket of anger 🚀 😅 Let me tell you that Last time, I forgot to take a screenshot of the first buy & offload chunk area & updated my chart straight away. 😅
Today, I finally learned how to add an image! 🎉
Note: I’m still learning, this is NOT financial advice. Do your own research, and I’m happy to have constructive criticism! Let’s learn together. 📈
GTYR Technical Analysis: Potential Buy OpportunityOn the daily chart, GTYR is on a steady upward path within an ascending channel, currently testing the Fib 0.5 level. Buy1 is recommended at CMP(46), and Buy2 is recommended at 40—a level that also serves as channel support. A stop-loss on a closing basis is advised below 34. The first target is 55; if the price moves past the channel resistance after that, further targets of 64 and 78 could be reached. The setup shows strong potential with the trendline intact and the RSI in sync. Happy trading!
Re-testing of Cup & Handle breakout???HL still intact; seems like Re-testing of
Cup & Handle breakout.
In the worst cases, if it breaks 48, it may
touch 45 - 46.
However, if 48 is Sustained on Weekly basis,
we may witness Upside around 55 - 56 initially
& then Crossing & Sustaining 57, will lead it
towards 70+
Again in Buy Area offloaded chunkAfter successfully completing the AB=CD pattern, the stock is now entering a potential buy zone.
Why Buy Range? It's based on Fibonacci retracements: 38.2% of the long wick and 61.8% of the short-term move (CD, which was clone of AB).
However, I'll also be happy if it comes down in my 1st buying area which i already offloaded :-)
Note: I'm still learning, so if you have any suggestions for improvement, Please let me know, I’d appreciate your feedback. Thank you!
#GTYR #PTL
Gtyr psxGtyr is breaking out with volumes from a huge base.
Laggards are catching up to leaders in psx
GTYR-LONGGTYR is trading in a bullish trend price has completed its retracement now continue bullish trend
Currently making HH HL but..Currently making HH HL.
However, it made a Double Bottom
around 34 - 34.50
Also Bullish Divergence is observed on Daily TF.
Entry can be taken with a Strict Stoploss
below 34.
Next Support would be around 31.50 - 32
Bullish Momentum will start once it crosses
40.70
GTYR-PSX Long Position GTYR providing oppertunity to open long position for a very good risk to reward trade.A very perfect falling wedge pattern breakout with a matured bullish divergence on RSI is indicating the bullish rally.Double bottem under Moving average 44 with bullish candle is also another confirmation to our bullish stance.
GTYRGTRY is currently facing resistance level of 44.75. If it gives closing above its resistance then the completion of harmonic pattern can be consider. Next resistance lies around 46.59 and previous top resistance lies around 49.40. On the flip side, 40 is the key demand zone, upon break below will be bearish.
GTYR:- SMART ENTRY OR SAFE ENTRY CHOICE IS YOURSGTYR is in bull run. It is forming Bullish Flag so for Aggressive Buyers the price is still around Smart Entry Zone. For those who want to play safe the entry price shall be 50. SL is at 36 and 65 shall be the TP.
Due deligence and strict money magament is solicited.
Have a profitable trading.
PSX GTYR Outlook GTYR Breakout after farming Cup & Handle pattern.
Entry:CMP
StopLoss: 38
TP1:48
TP2:53
PSX GTYR Outlook GTYR Breakout after farming Cup & Handle pattern.
Entry:CMP
StopLoss: 38
TP1:48
TP2:53
#GTYR Ghandara Tyre and Rubber #PakistanStockExchangeIt is perfect time to Buy #GYTR at the price of Rs: 45 and 46 , as monthly candle stick seems very positive. Target will be Rs. 120
Note: Before buy do your own research
GTYR-PSX: Bullish Continuation GTYR Printed a Bullish Flag with no signs of Divergence. A bullish trend continuation is expected, entry is suggested on the breakout of pole with stop loss on previous Higher Low.
