AGL, Bullish Channel with Horizontal ResistanceBullish Channel
Channel Top Retest
Failed to break the channel
Now facing Horizontal Resistance
Bearish divergence on weekly TF.
Buy on weekly closing above 39.50.
On Retracement, Buy at 30-33 Level
AGL trade ideas
AGL | Gap is filled🚀 Stock Alert: AGL
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 First Entry : 22
📈 Second Entry : 19.80
🎯 First Target : 23.50
🎯 Second Target : 25
⚠ Stop Loss: 18
⏳ Nature of Trade: Mid Term
📉 Risk Level: Medium
☪ Shariah Compliant: NO
💰 Dividend Paying: YES
📰 Technical View: AGL just filled its gap, can be accumulate at this level of 22 and also at second support around 19.80 with the stop loss of 18 if bears take place in the price. On the flip side, initial target lies around 23.50 and secondary target around 25.
AGL - BEARISH FLAG PATTERNAGL is in CONTINUATIONAL trend, there is no divergence but due to the formation of BEARISH flag pattern A DOWNWARD SIDE move is expected if it breaks the pole , short entry is recommendend then.
AGL - Bullish move expectedAGL made its double bottom, bullish move is expected in coming days, Long entry recommended in AGL.
AGL* Bullish on Weekly as well as
Monthly TF
* However, Bearish Divergence can be
seen on Daily TF
* So far making Trend of HH HL series on
Daily TF
