# GlaxoSmithKline Pakistan Ltd. (GLAXO)GLAXOSMITHKLINE PAKISTAN LIMITEDPSX_DLY:GLAXOMusarrat_karamatTime Frame: Weekly Pattern: AB=CD Harmonic Pattern Trend: Strongly Bullish 🔎 Pattern & Structure The chart highlights a harmonic AB=CD pattern, a bullish continuation setup. The stock has already completed its A → B → C leg, and is now projecting towards point D, which aligns with higher price targets. Price is holding above key moving averages (red, blue trendlines), confirming uptrend momentum. Order block zones (green) act as strong demand levels below current price, providing support. 📈 Trade Plan Buy Stop: Rs. 495.21 (confirmation breakout level) Stop Loss (SL): Rs. 333.76 (below strong support zone) Target Prices: TP1: Rs. 651.77 TP2: Rs. 774.08 📊 RSI Divergence Indicator Current RSI = 60.97, leaning bullish while staying below overbought levels. Past bearish divergences (red markers) signaled temporary pullbacks, but long-term uptrend stayed intact. Historical bullish divergences (green) aligned well with bottoms, adding credibility to the current bullish outlook. RSI suggests further upside potential before any exhaustion. 🚀 Projection Path Breakout above Rs. 495 will confirm continuation of the AB=CD bullish leg. First major upside target is Rs. 651.77, followed by Rs. 774.08, completing the projected harmonic move. Sustained buying pressure could push GLAXO beyond Rs. 774 in the long run. ⚠️ Risk Management SL at Rs. 333.76 protects against a failed pattern or breakdown. Watch for weekly close above 495 for confirmation before entry. Global pharma sentiment, local healthcare demand, and PSX trends may act as catalysts. ✅ Conclusion: GLAXO is in a bullish harmonic structure (AB=CD) with upside targets of Rs. 651 and Rs. 774. With RSI supportive and trend strongly bullish, a breakout above Rs. 495 could mark the beginning of a new impulsive rally.