GHNI Ghandara Industries Short term analysis 3rd Sep. 2020

Under Pressure

Our Pivot: 331

Our Preference: Start short selling GHNI below 326.80 with strict stop loss of 331 and profit target at 315 and 312.

Alternate Scenario: Upward penetration of 331 will call for 338 and 344.

NOTE: GHNI is being capped by resistant trend line along with a horizontal resistant region.

Hourly Chart with Supports and Resistances: