Flag Pattern Formation On daily Timeframe⏳
Flag support range 152-157
Flag resistance around 173-175
This is just my observation, do your own analysis before take long or short positions
Flag support range 152-157
Flag resistance around 173-175
This is just my observation, do your own analysis before take long or short positions
Nota
GAL Update:Technical View: On monthly time frame, price action is bullish, breaks previous resistance of 249 and currently trading around 273. Next resistance lies around 331.25 and then 355.78. Manage your trades accordingly. Sell on strength is recommended near its resistance levels.
Fundamental View: As per sales figures posted for FY23, GAL is believed to be a reasonable contendor in the auto segment further bolstered by the launch of their new four-wheeler namely chery tiggo 8 pro. Their previous model namely chery tiggo 4 pro saw sales figures of 1268 against a production capacity of 6000. Although still underutilized, SUV segment is rapidly gaining popularity in Pakistan especially towards china-based vehicles which offer high value products against competitive or even slightly lower prices.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.