Qatar Continues Bull Run: Rising 30 Days in a Row

Naranj Capital Research Desk
July 17, 2024

GNRI experienced a significant correction previously.
After finding support around 9,320, GNRI began to rise.
The index consolidated for some time and created a Head & Shoulder pattern.
Once the pattern broke, GNRI entered a downtrend, reaching the support area near 9,300.
A hammer candle formed at the support, signaling bullish sentiment.
Subsequently, the index started to climb and broke through the resistance level.
The next potential resistance levels are at 10,500 and 10,830.

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