Agriauto Industries Ltd AGIL -PSX .
On monthly time frame, this SCRIPT is moving in a parallel channel.
On daily TF, Potential Bullish Harmonic Pattern has been drawn which identifies area to BUY around 113 ~ 116. However, two Support zones have also been marked for price to bounce up. Considering upper support zone, price has almost made double bottom and has potential to go up. However, fundamentally this SCRIPT is not rich in free cash availability alongside long term debt to pay. Therefore, until and unless some extraordinary measures are taken (especially getting into export to other countries) this SCRIPT will not perform as good as its peer competitors.
The ideal time to buy this SCRIPT will be once it breaks its monthly parallel channel which is around 160.
All those who already are holding it should consider exiting once price break even to their buying level.
On monthly time frame, this SCRIPT is moving in a parallel channel.
On daily TF, Potential Bullish Harmonic Pattern has been drawn which identifies area to BUY around 113 ~ 116. However, two Support zones have also been marked for price to bounce up. Considering upper support zone, price has almost made double bottom and has potential to go up. However, fundamentally this SCRIPT is not rich in free cash availability alongside long term debt to pay. Therefore, until and unless some extraordinary measures are taken (especially getting into export to other countries) this SCRIPT will not perform as good as its peer competitors.
The ideal time to buy this SCRIPT will be once it breaks its monthly parallel channel which is around 160.
All those who already are holding it should consider exiting once price break even to their buying level.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.