Price has broken previous lower high and bulls seems to be in control. A bullish rally could be triggered from here, targets are mentioned on the chart.
🚀 Stock Alert: *GATM*
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Entry Range: 20-20.50
🎯 First Targets : 21.50
🎯 Second Targets : 23.00
⚠ Stop Loss: 18.80
⏳ Nature of Trade: Short Term (Scalping)
📉 Risk Level: Medium
☪ Shariah Compliant: NO
💰 Dividend Paying: YES
📰 Technical View: Following a rebound from the support level of 19, the price is...
Possible pull back is expected according to flag pattern observed in 15 minutes time frame. Rejection towards lower channel can be seen in the price. Wait and watch for the pull back for new entry around 21.85. Break out of the flag can pull the price towards 23 level (resistance area). On the flip side, if it breaks downward and sustains 21.50 level then exit...
GATM is printing higher highs and higher lows, price has defined a new higher low (as three white soldiers are printed )and is ready for next leg up. Targets and projections from AB = CD are mentioned on the chart.
Gul Ahmed Textile Mills Ltd. is a prominent plays in textile sector.
It posted a high price of 21.40 in the last days of May 2023. Afterwards the prices have been declining. From the middle of September it started gaining the momentum.
Start of November witnessed sharp rise in the price and intraday breach of previous high. After few days it crossed over the same...
