info@marketswaves.com +923455923931

GAL - Hourly Analysis - 18-01-2025

GAL - Hourly Analysis - 18-01-2025

  • Sarfaraz Ahmad

Primary Structure: Potential Bullish Impulsive

Primary Trend: Bullish

Current Wave Structure: Potential Bullish Impulsive

Expectations:   The decline from the high of red wave "(3)" is in three waves suggesting a correction in wave "(4)" which has found support at previous wave "4" swing low. The rise from the low of the red wave "(4)" is expected to unfold in five waves. We are trading above the upper line of the base channel suggesting more aggression after a small setback in black wave "4".

Recommendations:  1: Profit taking is recommended at around 450.

Recent Posts

MUREB - Intraday Analysis - 30-05-2026
CLOV - Hourly Analysis - 29-05-2026
BAHL - Hourly Analysis - 15-05-2026
AICL - Hourly Analysis - 15-05-2026
INDU - Hourly Analysis - 15-05-2026
HASCOL - Hourly Analysis - 09-05-2026