PSX
Fresh entry for CSAPAs you can watch it is now below 50 days moving average (green line) and it is also near to 200 days moving average (red line).
Buying conditions:
1) if it cross above green line (117.74)
2) If it fall below from red line (108.47) and cross above it
3) If it fall more red line then wait for its strong support of 105.87 and if it fall below it then wait for cross over above 105.87 level to take fresh entry.
SL is 84.8 and TPS are 118.87 and 139.88
Note: This is not a buy/sell trade call.
GAL Technical Analysis: Bullish OpportunityGAL (Ghandhara Automobiles Ltd.) is showing a strong bullish setup. Price is holding above its trendline after bouncing off solid horizontal and rectangle support zones. On top of that, GAL has a history of performing well in July, which adds a seasonal boost to the setup.
Fresh entries can be considered at the CMP, while for averaging or pullbacks, 375 and even 350 could offer attractive buy zones if the price dips.
For risk management, there are two stop-loss options: a conservative one below 318 to guard against broader breakdowns or gap fills, or a more aggressive one on a closing basis under 350, just beneath key structure.
Take Profit 1 at 490 lines up with rectangle resistance. A strong close above this opens the door to the next projection around 630. If price manages a firm close above 630, momentum could drive it further, with the AB=CD pattern pointing toward a stretch target near 700.
Trading Recommendations:
Buy 1 (CMP): 404
Buy 2: 375
Stop-Loss (Aggressive): Closing below 350
Stop-Loss (Conservative): Closing below 318
Take Profit 1: 490
Take Profit 2: 630
Take Profit 3: 700
Happy trading!
Monthly Closing above 122000 will be a +ve sign.KSE100 Closed at 122143.57 on 13-06-2025
Monthly Closing above 122000 will be a +ve sign.
However, if the Index Stays above 122700, we may
witness upside again.
Breaking 118600 would bring more selling pressure.
& then Important Support would be around 112000 - 113000
and then around 110000.