GGL-LONGGGL has formed a double bottom at the support,we will take a long entry as price has broke the LH
GGL trade ideas
GGLWe can attempt to buy GGL from specified level if it give breakout of range/yellow consolidation box , also 0.618 FIB level intact , also there is no bearish divergence at current levels indicate that it move upward .
SL , TP mention in chart.
GGL-PSXGGL is in consolidation box after making double bottom , place a buy stop above 11 with ladder buy 2 at 9.5 with risk defined 8.6
11 should be Sustained for Further UpsideAfter Successfull Trade as per Our
Call # 161;
Now:
11 should be Sustained for Further Upside
Those who did not book Profit, may trail their
Stoploss at 9.40 on Closing basis
GGLThe price has experienced a retracement subsequent to forming a triple bottom pattern. This pattern necessitates a breach of its resistance level at 10.70 for completion. Following a successful breakout and subsequent retest, there is potential for the price to gravitate towards its subsequent resistance level at 11.65.
GGL - PSX - possible setup.GGL appears to be in an accumulation phase, marked by a bullish divergence and the formation of a bullish candlestick pattern. Consider initiating a buy position if the price surpasses 10.30, with a suggested stop-loss set at 9.37. Targets for profit-taking could be set at 11.20 (TP1) and 11.90 (TP2).
Bullish Divergence on Weekly TF
8.90 - 9.0 seems Important Support
However, if 8.80 is Broken, Bearish ABCD will
be in play with a Potential Reversal Zone around 7.80 - 8.0
GGLBuy1 : around 10.80 - 10.90
Buy2 : around 10.20 - 10.40
TP1 : 11.80 - 12
TP2 : 12.70 - 13
Stoploss 10 (closing basis)
GGL - KSE100 - update - 1st Heikin Ashi.buy above 11.26 with the stop loss of 10, Tp1 12.50, Tp2 13.85.
GGL - KSE100 - Possible setup. GGL is in golden pocket, as planned wait for 1st heikin ashi candle in golden pocket, if golden pocket zone break down then watch Fib 76.8% support and take long entry on 1st green candle of heikin ashi.
GGL - KSE100 - Possible setup.GGL retesting its previous high after breakout of accumulation zone, 11-11.60 is confluence area (Horizontal support, Fib Golden pocket, previous High), buy on first Heikin Ashi green candle in golden pocket.
GGL is BullishGGL is currently in the trending phase as per Dow theory, making higher highs and higher lows, ideal entry would be at the fib retracement level 0.382 of this move. Targets are mentioned on the charts.
GGL - BULLISH BATThe script was in a long - term bearish trend after which it went into a consolidation zone. Now it is forming a Bullish reversal pattern i.e Bullish BAT. Longs may be looked for.
PSX: GGL HARMONIC BULLISH REVERSAL PATTERN On hourly charts GGL has been in downtrend, thus, forming the bullish reversal harmonic pattern.
It is worth noting that the RSI is also showing bullish divergence which is working as conformation to the harmonic pattern.
To trade from safety it is suggested to take the trade when previous high, which is 10.70 is breached.
Detailed trade plan has also been for the convenience.
GGL Play The BreakoutOn Hourly charts GGL is range bound therefore it is suggested to prepare for the Breakouts in either direction.
