GAL, Inverted Head and ShoulderInverted Head and shoulder formation
Bullish Channel
Critical resistance broke
towards new highs
buy @ CMP
Sl on Bullish Channel Break @ 224
TP1 307
TP2 367
18.56 PKR
364.98 M PKR
9.41 B PKR
15.76 M
About GHANDHARA AUTOMOBILES LTD
Sector
Headquarters
Karachi
Website
Founded
1981
ISIN
PK0059701018
FIGI
BBG000GN0VW7
Ghandhara Automobiles Ltd. operates as a holding company, which engages in the manufacture, import and sale of vehicles. It includes JAC trucks, Nissan, Dongfeng and Renault vehicles. The company was founded on August 8, 1981 and is headquartered in Karachi, Pakistan.
Learning GALPlease check the monthly cup and handle pattern if it is formed than it can give you crazy returns. This is for education purpose only.
GAL READY TO TOUCH ITS PREVIOUS HH OF 360+Currently the stock has completed its retracement till 0.786 level on FIB, daily closing above 274 will post another capital gain of 9-10%, Initial TP is 300 with SL @ 216.5, TP2 as per the risk reward ratio of 1:1 is 331.5 and TP2 with RR of 1:2 of 389 rupees potentially offering 43% gain.
The sto
STILL BULLISH ON LONGER TFSeem to have a potential to touch 230-240 once.
dips can be considered as a buying opportunity.
however, should not break 158 - 159.
Important Support Zone should be respected.159 - 161 is an Important Support Zone
that should be respected.
Its actually a Golden Pocket area & if GAL
takes Support from this zone, this would
be a Good come back towards 199 then 235 - 239.
Short Term & Long Term ViewShort Term View:
Bullish Divergence on Hourly TF.
Immediate Support is around 242 - 243.
However, a Very Important Level is
around 237 - 238.It should bounce from
this mentioned level, &
may give you an upside around 253 - 255 or
may be around 260 - 262.
Please Manage Your Trade AccordinglyThough our Mentioned Resistance Levels played
well, but Our Stoploss Hit at 310 on Friday (17-08-2024)
as per Call # 441.
Still Bullish on Weekly as well as Monthly TF.
If 289 - 290 is Not Sustained, Next Strong Support will be
around 239 - 24 and then around 199 - 200.
In Short Run, again if 28
GAL @ Resistance LevelWeekly Candle Closed
below the Resistance Point.
It needs to Break & Sustain
355 initially for further upside.
GALFlag Pattern Formation On daily Timeframe⏳
Flag support range 152-157
Flag resistance around 173-175
This is just my observation, do your own analysis before take long or short positions
See all ideas
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Frequently Asked Questions
The current price of GAL is 277.47 PKR — it has decreased by −2.05% in the past 24 hours. Watch GHANDHARA AUTOMOBILES LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on PSX exchange GHANDHARA AUTOMOBILES LTD stocks are traded under the ticker GAL.
GAL stock has fallen by −6.26% compared to the previous week, the month change is a 2.77% rise, over the last year GHANDHARA AUTOMOBILES LTD has showed a 320.41% increase.
We've gathered analysts' opinions on GHANDHARA AUTOMOBILES LTD future price: according to them, GAL price has a max estimate of 407.00 PKR and a min estimate of 407.00 PKR. Watch GAL chart and read a more detailed GHANDHARA AUTOMOBILES LTD stock forecast: see what analysts think of GHANDHARA AUTOMOBILES LTD and suggest that you do with its stocks.
GAL stock is 7.85% volatile and has beta coefficient of 1.15. Track GHANDHARA AUTOMOBILES LTD stock price on the chart and check out the list of the most volatile stocks — is GHANDHARA AUTOMOBILES LTD there?
Today GHANDHARA AUTOMOBILES LTD has the market capitalization of 15.82 B, it has decreased by −1.18% over the last week.
Yes, you can track GHANDHARA AUTOMOBILES LTD financials in yearly and quarterly reports right on TradingView.
GAL net income for the last quarter is 601.16 M PKR, while the quarter before that showed 290.29 M PKR of net income which accounts for 107.09% change. Track more GHANDHARA AUTOMOBILES LTD financial stats to get the full picture.
No, GAL doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
As of Dec 25, 2024, the company has 825.00 employees. See our rating of the largest employees — is GHANDHARA AUTOMOBILES LTD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. GHANDHARA AUTOMOBILES LTD EBITDA is 1.48 B PKR, and current EBITDA margin is 9.76%. See more stats in GHANDHARA AUTOMOBILES LTD financial statements.
Like other stocks, GAL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade GHANDHARA AUTOMOBILES LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So GHANDHARA AUTOMOBILES LTD technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating GHANDHARA AUTOMOBILES LTD stock shows the strong buy signal. See more of GHANDHARA AUTOMOBILES LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.