🚀 Stock: Ghani Global Holdings Limited (GGL)
💰 Entry: Buy at CMP (~19.50)
🛑 Stop Loss: 17.60
🎯 Targets: 21.60 → 22.60–23.00
Trade Rationale:
GGL is approaching a decisive breakout from a long-term descending trendline that has capped price action for several months. The stock has been forming higher lows recently, indicating improving bullish momentum and accumulation near current levels.
✅ Testing a major downtrend resistance
✅ Strong support established around 17.60–18.00
✅ RSI trending higher, showing strengthening momentum
✅ Improving price structure with higher lows and sustained buying interest
✅ Attractive risk-to-reward profile for swing traders
Trading Plan:
Consider accumulating near the current market price.
Maintain a stop loss below 17.60 to manage downside risk.
Partial profit booking can be considered at TP1, while holding the remaining position for higher targets upon a confirmed breakout.
Targets:
🎯 TP1: 21.60
🎯 TP2: 22.60 – 23.00
A daily close above the descending trendline could act as a catalyst for a stronger upward move toward the highlighted resistance zone around 23.
⚠️ This setup is based on technical analysis and is intended for swing trading. Always follow proper risk management and adjust position sizing according to your trading plan.
#GGL #GhaniGlobal #PSX #PakistanStockExchange #SwingTrading #TechnicalAnalysis #TradingView
交易結束:目標達成
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