AGI GREENPAC LTDLong
AGI Green Pac Ltd - Bullish
Updated
The stock is trending bullish with Price Action forming higher Highs and higher Bottoms.
1) 50 DMA > 200 DMA and diverging
2) Supertrend 14,3 about to crossover 50 DMA from bottom.
ADX >20
3) Fibonacci retracement and trendbased extension forms a cluster at 127 % of retracement levels and hence the target # 1 of the stock price is approx INR 1589.
It is highly likely that the stock will rise to INR 1589 for onwards journey to higher levels.
This is a academic study and not advice to buy
1) 50 DMA > 200 DMA and diverging
2) Supertrend 14,3 about to crossover 50 DMA from bottom.
ADX >20
3) Fibonacci retracement and trendbased extension forms a cluster at 127 % of retracement levels and hence the target # 1 of the stock price is approx INR 1589.
It is highly likely that the stock will rise to INR 1589 for onwards journey to higher levels.
This is a academic study and not advice to buy
Trade active
The stock has progressed as predicted.
Fibonacci clusters at 1214 and 1389. Next conviction targets
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