AGHA LONG TRADE (SECOND STRIKE) on LTFAGHA LONG TRADE (SECOND STRIKE) on LTF
AGHA made a high of 20.8 in 2021- after inception in PSX.
Sooner than later, it went in downtrend hitting its all-time lows.
It then made an effort to go in uptrend but failed to go past 16 and entered in to correction.
Now it has shown reversal in the form of Spike, conformed by price above EMA-20 and supported by Volume Gradient. Its Pull Back is a Double Bottom Pattern– so in terms of Price Action, we are dealing with Double Bottom Bull
🚨 TECHNICAL BUY CALL – AGHA🚨
BUY1: 8.7
BUY2: 8.2
BUY3: 7.9
📈 TP1 : Rs. 9.05
📈 TP2 : Rs. 10.0
📈 TP3 : Rs. 10.55
📈 TP3 : Rs. 11.87 (LONGTERM)
🛑 STOP LOSS: BELOW Rs. 7 (Daily Close)
📊 RISK-REWARD: 1:4.2
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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