Glaxo Bullish Breakout – Long Opportunity Ahead!Title: Glaxo Weekly & Monthly High Breakout – Bullish Momentum Incoming!
Description:
Glaxo has broken above both its weekly high and monthly high, confirming strong bullish momentum. The breakout is accompanied by high bullish volume, indicating strong participation from buyers and increasing confidence in further upside movement.
Key Technical Factors:
✅ Breakout Confirmation: Price has decisively closed above both the weekly and monthly resistance levels, converting them into potential support zones.
✅ Bullish Volume Spike: A significant increase in volume suggests institutional buying, confirming the strength of the breakout.
Trade Plan:
📌 Entry: Above the breakout level, ideally on a retest with confirmation.
🎯 Targets:
Short-Term: Previous swing high as the first target.
Conclusion: Glaxo is showing strong bullish strength with volume confirmation, making it a high-probability long setup. Monitor price action and volume on pullbacks for an ideal entry! 🚀📈
