GTYR – Short Swing Setup

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GTYR – Short Swing SetupGhandhara Tyre and Rubber Co LimitedPSX_DLY:GTYRGrowingPathStock: Ghandhara Tyre & Rubber Co. 🔍 **Technical Overview:** Price has bounced from the lower boundary of its descending channel and is now showing early signs of recovery. • EMA 21 & 50 reclaimed → short-term momentum shift • RSI trending upward → improving strength • Volume expansion on recent candles → buyer interest returning ⚠️ **Context:** The broader trend remains **bearish**, so this is a **counter-trend swing trade**. 📌 **Trade Plan:** • Buy Zone: 29.50 – 30.50 • Stop Loss: 28.20 • TP1: 33.50 • TP2: 36.00 ⚠️ **Risk Factors:** • Strong resistance near 33–33.5 zone • Upcoming **quarterly result (30 April)** → potential volatility / gap risk 🧠 **Strategy:** • Keep position sizing controlled • Consider partial profit near TP1 • Avoid holding full exposure into results without risk management 📌 **Conclusion:** Short-term momentum is improving, but with the larger trend still down, this setup favors **quick, disciplined execution** rather than positional holding.