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SSGC | Downward-Sloping ChannelThe stock in a downward-sloping channel after a strong rally that peaked near PKR 50.87. Currently trading at PKR 39, the price is above the 200 EMA level (28.70 PKR), suggesting longer-term bullish strength despite short-term weakness. Recent price action faced resistance near the upper trendline, and today's bearish candle indicates selling pressure. Key support lies around 37.00–35.00 PKR, while a breakout above 41.00–43.00 PKR could signal a resumption of the uptrend if backed by strong volume.
PSX:SSGCShort
by mbaberhanif
GAL (Ghandhara Automobiles) – Bullish Setup EmergingGAL (Ghandhara Automobiles) – Bullish Setup Emerging; LDCP: 472.83 Ghandhara Automobiles (GAL) is respecting its rising channel beautifully. A Bullish Doji Star has appeared near the lower boundary of the channel, signaling a potential reversal. The Stochastic RSI is extremely oversold (below 10), strengthening the case for a rebound. As long as GAL holds above 460–462, a bounce toward *** and *** remains likely. A daily close below *** would negate the bullish bias.
PSX:GALLong
by tradeflowadvisors
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.
PSX:GLAXOLong
by tradeflowadvisors