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Ghani Glass Limited (GHGL) Technical Analysis on PSX

As of 06-Nov 04:47 PM, Ghani Glass Limited (GHGL), listed in the Consumer Durables sector, traded at PKR 39.59 on the Pakistan Stock Exchange. The short-term trend is neutral (sideways) with weak strength and the long-term trend is neutral (sideways). The nearest short-term support zone is PKR 38.88 – 39.14 and the nearest short-term resistance zone is PKR 40.50 – 40.76.

GHGL key levels and trend

SectorConsumer Durables
Last price (PKR)39.59
Short-term trendneutral (sideways), weak strength
Long-term trendneutral (sideways)
Short-term support zone (PKR)38.88 – 39.14
Short-term resistance zone (PKR)40.50 – 40.76
Long-term support zone (PKR)36.17 – 37.03
Long-term resistance zone (PKR)40.08 – 40.94
Distance to nearest support1.1%
Distance to nearest resistance2.3%
Data as of06-Nov 04:47 PM

Levels are calculated by FoxLogica's analyzer from PSX price history and refreshed after each trading day. They are zones, not exact prices, and can change quickly.

How to read support and resistance

Support is a price area where a stock has often stopped falling because buyers stepped in. Resistance is an area where rises have often stalled because sellers appeared. When price is close to support, the stock is near the lower edge of its recent range; close to resistance, near the upper edge. A move beyond either zone can signal a breakout or a breakdown, but many such moves fail, so traders usually combine levels with volume and a plan for limiting losses.

Frequently asked questions about GHGL

What is the current support level for GHGL?

FoxLogica's analyzer shows a short-term support zone of PKR 38.88 – 39.14 and a longer-term support zone of PKR 36.17 – 37.03 for GHGL, as of 06-Nov 04:47 PM. Support is a price area where buying interest has tended to slow declines.

What is the current resistance level for GHGL?

The short-term resistance zone is PKR 40.50 – 40.76 and the longer-term resistance zone is PKR 40.08 – 40.94, as of 06-Nov 04:47 PM. Resistance is a price area where selling pressure has tended to stop rises.

Is GHGL in an uptrend or a downtrend?

As of 06-Nov 04:47 PM, the short-term trend for GHGL is neutral (sideways) (weak strength) and the long-term trend is neutral (sideways). Trends change, so check the latest data before relying on them.

How far is GHGL from support and resistance?

At PKR 39.59, GHGL is about 1.1% above the nearest support and 2.3% below the nearest resistance, based on the analyzer data as of 06-Nov 04:47 PM.

Is this financial advice?

No. This page is educational. It shows technical levels calculated from price history and is not personalized advice, a recommendation to buy or sell, or a forecast. Trading involves substantial risk of loss.

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