AGHA Agha Steel Short term Analysis 8th Mar. 2021

Rebound Insight

Our Pivot: 32.20

Our Preference: Start buying AGHA from current price and average it out till 33.50 with strict stop loss of 32.20 and profit target at 37.90 with extension towards 39.80.

Alternate Scenario: Downward penetration of 32.20 will call for 30.85.

NOTE: AGHA have penetrated its bullish price channel in bearish direction buts its being supported by a descending trend line along with a horizontal supportive region.

Chart with supports & resistances: