AGTL Al-Ghazi Tractors Limited Mid-Term Analysis 16 August 2016

Rebound Insight

Our Pivot: 394

Our Preference: Buy AGTL above 420 and averages till 414 with strict stop loss of 394 and profit target at 445 with extension towards 463.

Alternate Scenario: Downward penetration of 394 will call for 374.

NOTE: AGTL is getting support from  horizontal supportive region along with a strong supportive trend line of its bullish trend channel

Recommendations:

Buy above 420 and average it out till 414 with target at 445 and 463.

Weekly Chart with Supports and Resistances: