GAL Technical Analysis: Bullish OpportunityGAL (Ghandhara Automobiles Ltd.) is showing a strong bullish setup. Price is holding above its trendline after bouncing off solid horizontal and rectangle support zones. On top of that, GAL has a history of performing well in July, which adds a seasonal boost to the setup.
Fresh entries can be considered at the CMP, while for averaging or pullbacks, 375 and even 350 could offer attractive buy zones if the price dips.
For risk management, there are two stop-loss options: a conservative one below 318 to guard against broader breakdowns or gap fills, or a more aggressive one on a closing basis under 350, just beneath key structure.
Take Profit 1 at 490 lines up with rectangle resistance. A strong close above this opens the door to the next projection around 630. If price manages a firm close above 630, momentum could drive it further, with the AB=CD pattern pointing toward a stretch target near 700.
Trading Recommendations:
Buy 1 (CMP): 404
Buy 2: 375
Stop-Loss (Aggressive): Closing below 350
Stop-Loss (Conservative): Closing below 318
Take Profit 1: 490
Take Profit 2: 630
Take Profit 3: 700
Happy trading!
