GHNIGHNI Analysis
Currently moving in a box need to break 705 then can go up to touch 730
Bearish Divergence formed in Daily/Weekly
GHNI trade ideas
Monthly Closing is ImportantGHNI has successfully completed its Weekly
ABCD Pattern around 590 - 595.
However, there is No Bearish Divergence Yet on
Bigger Time Frames.
Monthly Closing above 592 - 595 would be a
Positive Sign.
However, it should retrace upto 540 - 550
once for a Good Upside Rally again.
Breaking 500 may bring further Selling Pressure.
GHNI trading Since Rs 167 - Long New targetI have been working on GHNI since Rs 167 and my final target was Rs 600 which was acheived last month. Now after consolidation, GHNI is read for a new target of Rs 825.
This is the first target, not the last one.
GHNI-BULLISH FLAGThat stock is moving in three patterns but in my vision its break its resistance and carry forward its upward momentum in future.
GHNI offers 15% gain from these levelsThe stock is continuing its Bullish rally and making HHs and HLs.
Immediate entry should be taken here for 1st TP of 675 and TP2 of 730 with SL as per the trade plan of 565
GHNI offering over 30% gains from these levelsthe stock is continuing its uptrend and after making Cup and handle formation, successfully broke out the handle, if it posted daily closing above 444, the stock is likely to test its cup and handle projection of 590 which is a good return of ~32%
with a SL of 360, as per trade plan, entry should be made at 444, with TP1 of Rs. 528 and TP2 of 612, however, as per Cup and Handle projections, one can close the trade around 590 levels.
Still BullishBeautiful Morning Star Formation on
Bigger TF.
Exact Support of 23.6% fib.
Crossing 445 may lead it towards 490
& then around 575 - 600.
However, on the flip side, 360 should not
be broken even in worst case.
Still Bullish But..Stock is still Bullish on Bigger TF.
370 - 373 is the immediate support level.
However, the next support zone is around 350-355
that should be respected.
But to continue the Bullish Momentum, it needs
to cross & sustain 445.
Buy Call # 419 Played Perfectly Well.
Now Important to Cross & Sustain 387 - 390
for further upside move with Initial Target
around 400 and then 430 - 450
Buy Call # 419 Played Perfectly Well
Now Important to Cross & Sustain 387 - 390
for further upside move with Initial Target
around 400 and then 430 - 450
GHNI:- EXPLORING HIGHER HIGHSGHNI is in strong bull trend. Recently it has crossed another resistance. Here it may take some rest which could be a good entry point. Buying Zone is 290 to 305. The TP shall 456
Due deligence and strict money magament is solicited.
Have a profitable trading.
GHNI ANALYSIS 2.0GHNI formed a bearish flag with bearish divergence + a double top reversal pattern too.
neckline , HL already broken indicating downtrend of ghni .
TP'S , SL MARKED .
INSTANT SELL
Bearish Divergence on Hourly TF
but yet Bullish on Bigger Time Frames.
Important Support Levels seem to be
around 262 on Weekly basis.
However, 274 can be another immediate Support.
On the flip side, 334 is a Strong Resistance.
GHNI - INVERTED H&S PATTERN, TARGETING 224/-GHNI is showing a clear Inverted H&S pattern, as the price retraced to test the neckline at a level of 166. With a bounce occurring above this neckline, it appears likely to continue its upward momentum. Projected targets are set at *199 and 224 levels*, with solid support holding firm at 164
H&S pattern observed on Hourly TF
If 160 is Broken, we may witness 155-156 then 150
To continue the Bullish Momentum, it
needs to Cross & Sustain 180
GHNI | Demand Vs Supply AreasAt present, GHNI demonstrates resistance at the 173.50 level. Conversely, support is discernible within the 148-149 range, representing a crucial demand zone from which a rebound is anticipated. In the short term, a target of approximately 173.50 is envisaged, coinciding with the anticipated rejection from this level. However, should this barrier be breached and maintained, the subsequent resistance level is anticipated around 187.50. Looking ahead, for a long-term perspective, the price may potentially test the previous high of 200, observed in December 2023.
Should wait for Weekly Support???Monthly View: 126 should be sustained for Upside
Weekly View: 149 then 134 may act as Important
Support Levels on Weekly Basis
Daily View: 153 - 154 & 145 - 146 may act as
Immediate Support Levels
Players may Play on these mentioned Levels as
per their Trading Psychology
135 - 135 may act as an Important Support on Weekly Basis*Plan1*
Buy1 around 135 - 136.30
Buy2 around 131 - 132
TP1 around 140 - 142
TP2 around 146 - 147
Stoploss 130 (Closing basis)
*Plan2*
Buy Above 149.50
Sell around 155 - 160
If 162 is Sustained, we may witness 170 - 175
Stoploss 134 (Closing basis)
GHNI is BullishGHNI is looking good, and bulls seem to have taken control of the price action, as previous lower high was broken successfully. Price would move up define a new higher high followed by a higher low, before reaching new highs. Targets are mentioned on the chart.
GHNIBuy1 around 149.30 - 150.30
Buy2 around 142 - 143
Sell around 151 - 153
Stoploss 140 (Closing basis)
Patient Traders may wait for 142 - 143 for Buying
