GLAXO a multinational compony operating in Pakistan with a diverse product line. Its stock price exploded to 481 from 68 just in a span of 19 months, Now in the 17 days of Jan 2026 it has added Rs. 39.18 or 10%.
We expect another sustained upward move from here, once the price closes above 460. Albeit the long term target i.e. of ABCD pattern, is Rs. 714, yet intermediary resistances or TPs have also been marked on the chart.
Stop Loss is very close so we may initiate a position at suggested level and my beef up the position when the price closes above 460.
Wishing you a profitable trade.
We expect another sustained upward move from here, once the price closes above 460. Albeit the long term target i.e. of ABCD pattern, is Rs. 714, yet intermediary resistances or TPs have also been marked on the chart.
Stop Loss is very close so we may initiate a position at suggested level and my beef up the position when the price closes above 460.
Wishing you a profitable trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.