Bullish on All Time FramesPlan1
Buy1 around 81.50 - 82.55
Buy2 around 77 - 78
TP1 around 88
TP2 around 90
Stoploss 73 (Closing basis)
Plan2
Buy Above 89
Sell around 93 - 95 then 100
Stoploss 83.50 (Closing Basis)
GAL trade ideas
Gal (Intraday/Short Swing).Gal closes At its High weekly resistance which now becomes its Support, so Good Closing.
Also Retraced to.50 fib from HH - HL
Very good.
Extremely Bullish for Short Target, exit your position from 117.5 - 120.
Long Target 150 after 120 closing with high volumes>
Buy Gal AT 113-115.
Sell at 117.50-120.
GAL - HH & HLGhandhara Automobiles Ltd - GAL - 1D: Price action is presently making higher high and higher lows with supports defined around 36-35.50 range. It appears that the stock is in the bullish momentum since price pulled back from 0.618 Fib level. 52.50 and 65.50 are the first and second resistance level respectively.
GALMaking LH LL on Hourly Basis
Daily Trendline Support seems around 62.50
0.618 fib level support around 63
GAL is BullishGAL is just getting warmed-up for a bullish rally, the current healthy correction was necessary for further upside movement. It all began with bullish RSI divergence on weekly time frame, and after giving a break out from the accumulation zone, bulls are in control, and currently there are no signs of exhaustion. AB = CD harmonics projection also indicates a potential 60% move from the current price. Targets are mentioned on the chart.
P.S Analysis is conducted on weekly time frame and hence could take 3-4 months to play out
GALPLAN 1
Buy1 : around 74
Buy2 : around 68
Stoploss 63
PLAN 2 : Trade on Breakout
Buy Above 80
Sell around 85 then 88
Stoploss 63 (closing basis)
GAl & FIBONACCI are friendsGAL is in an uptrend after pull back from 50% retracement from the impulse of 37.73 to 52.49 and currently trading above 38.2% that is 46.85 which acts as support. First and second resistance are at 52.49 and 56.50, respectively.
GAL (PSX) - RANGING WITH BEARISH DIVERGENCEThe stock, after printing HHs and HLs is now struck in a range. The RSI is making bearish divergence and indicating that the stock may come down towards its support levels, marked on chart
