GGGL Ghani Global Glass limited Short-Term Analysis 27 March 2017

Upside Prevails

Our Pivot: 22.30

Our Preference: Start buying from current price and add averages till 24.23 with strict stop loss of 22.30 and profit target at 30.48.

Alternate Scenario: Downward penetration of 22.30 will call for 20.26.

NOTE: GGGL is bouncing back after posting double bottom on weekly chart and right now its getting support from a rising trend line along with a horizontal support. Weekly Stochastic also have generated a bullish crossover.

Weekly Chart with Supports and Resistances: