AGP LONG TRADE 10-June-2025AGP LONG TRADE
We've analyzed AGP on both 1D and 1H timeframes. On the daily chart, the stock previously formed a scallop formation and broke out around PKR 147 in November last year. Following the breakout, the stock entered an upward channel pattern.
On the 1H chart, AGP recently gave a selling climax and fell below the uptrend channel, but quickly reversed, forming multiple measuring gaps and flipping an institutional demand zone. With sufficient volume distribution supporting the uptrend, we see potential upside and continuation of the uptrend.
TECHNICAL BUY CALL-AGP
1. Current level: PKR 199.99
2. PKR 195
3. PKR 190
1. TP1: PKR 205
2. TP2: PKR 225
3. TP3: PKR 244
*Stop Loss:* Below PKR 180
*Risk-Reward Ratio:* 4.31
Buy in 3 levels and book 50% Profit on TP1 and trail your SL.
AGP trade ideas
Refrain from Trading in AGP at the momentThe stock has made significant bearish divergence and likely to retrace, Retracement Level 1 could be 150, level 2 could be 144, Level 3 could be 133 and Level 4 could be 121 where it should be accumulated as per your capital allocation.
On Long term, the stock seems to be in uptrend with 6 months Target of 270 which will be a 50% gain from suggested Entry.
However, this target is likely to be achieved when it will cross Rs 180 level being its previous HH. Investors or long term traders likely to made over 70-80% on this stock within next 6-8 months
AGP (Complete Analysis).AGP Stock Analysis
Pattern: AGP is forming an inverse cup and handle pattern, indicating a potential bullish reversal.
Target: A target price range of 74-75 is projected based on the pattern.
Gap Fill: AGP has an unfilled gap, which could act as a catalyst for a bullish rally.
Strategy: Consider buying AGP at 74-75 and selling above 78, targeting 80 and 82.
Indicators: Bullish RSI and falling ADX and +DI support the bullish outlook.
Risk: Investors should be aware of inherent risks in all investments.
PSX: AGP Bulls are backAfter making steady journey to north the script has been sideways or retracement. On Friday the security closed above the recent trend line, which was limiting its movement. Simultaneously the RSI has also shown a positive sign by closing above its Moving Average.
It is suggested to go longe when price close above 76.10. The harmonic pattern target is 94.