It may test 350 - 355 on Weekly basis;It may test 350 - 355 on Weekly basis; However, Monthly Closing above 354 would be a positive sign. Crossing 407 may give a further spike towards 390 & then may be around 400 - 430 + Once 445 - 446 is Sustained, we may see a Huge Rally towards New Highs (probably around 600+) Breaking 350 would bring more Selling pressure.by House-of-Technicals3
GLAXO - PSX - Technical AnalysisGLAXO on Daily TF is moving up in a parallel channel, and presently at the support of channel. RSI has a bearish divergence present. Moreover, since 28 Oct 2024, KVO was in a bullish state but today on 09 Dec 2024 it has changed to bearish as it has dipped below zero level indication a likely retracement. Fib retracement up till 38.20% will be very good to define a prominent HL for the next leg of AB=CD pattern. Even retracement up to 50% can not be ruled out. My Trade Values Buy-1: 333 Buy-2: 310 TP-1: 455 TP-2: 531 SL: 287 In case price goes up from here taking support from the parallel channel then it will go up to hit TP-1 and then retrace to make at HL and then next leg of AB=CD pattern will begin whose Target should be TP-3.Longby Golden_SpurUpdated 10
GLAXO - PSX - LONG (Buy) Trade Call On Daily TF, Bullish Hidden Divergence on RSI has already played. However, price is above EMA 89 and Klinger Volume Oscillator is above zero line; therefore, both indicating the continuation of bull run. price with little bit retracement should continue upwards. Fib Extension Tool has been used to identify TPs for new all-time highs. My trade values are mentioned below: - Entry LONG (Buy) : 254 TP 1: 298 TP2: 330 SL: 208 Longby Golden_SpurUpdated 20
GLAXO Bearish DivergencePlease exert caution as ADX is on high side and RSI is exhibiting signs of bearish Divergence on Daily Time Frame. It does not imply that positions may be closed on immediate basis BUT to remain alert and book Profits on time so that accrued ones may not get eroded.by DawoodKK0
GLAXO | More uptrend or reverse?The price action of GLAXO is currently in an uptrend. Recently, it broke through its trend line resistance and, according to the Impulse-Correction-Impulse (ICI) strategy, has since pulled back after retesting the breakout level. This retest has established dynamic support at the previous trend line resistance. The price is now hovering above the resistance level of 173.58, which is acting as initial support. The next resistance level is anticipated around 202.29. The Relative Strength Index (RSI) is currently at a level of 81 which indicates the stock is at overbought level. While MACD hovering above the neutral line.Longby mbaberhanifUpdated 2
GLAXO TRENDING UPWARDSThis is the GLAXO's Weekly chart Glaxo after significantly remaining range bound for approximately year and a half has initiated its upward journey. Upside expected / attainable Profit Targets marked. Lets c what happens and how it plays......... by DawoodKK2
GLAXO is BullishGLAXO is currently looking extremely bullish and looks ready for an upside move. It has printed first higher high followed by a higher low, which is the first condition of Dow theory. Targets are mentioned on the chart. Longby Fahad-Rafique0
BullishPlan1 Buy above 86.30 Sell around 88.50 then 92 Stoploss 83 (closing basis) Plan2 Buy1 around 83.50 - 84 Buy2 around 80.50 - 81 Sell around 86 -88.50 Stoploss 80 (closing basis)by House-of-Technicals1
PSX: GLAXO eying a new journey to north.After touching the high of 97.50 in the recent days the stock retraced back to the level of 75. The stock is in consolidation and it is expected to crossover swing high of 86. When it closed above we may initiate a long position with the target of 128 & beyond Wishing you Profitable Trading Longby usufgul3
Glaxo-PSX in Bullish trend 1DStock is having strong bullish divergence on Daily, plus have started making HH and HLs as per DOW theory.Longby hamidmuner0
GLAXOBuy1 : around 91 - 92 Buy2 : around 88 - 88.50 TP1 : 95 TP2 : 97.50 TP3 : 102 - 104 SL : 85 (closing basis)by House-of-Technicals0
PSX: GLAXO HAS IT HIT THE BOTTOM ROCK.The Script has been striving to find the solid ground to lay the foundation of it north bound journey. These efforts started with the start of 2023. This consolidation period seems to be completed soon because on daily RSI chart the script has successfully found the support at RSI 50 after getting price rejection at Rs.82. On weekly charts the the RSI has been showing bullish divergence frequently since the beginning of this year. Since the volumes and price bar has positive outlook we can take immediate position and the Dow followers can wait to crossover the Rs.85.90 price level. Potential TPs are at resistance levels.Longby usufgul4