AGI has been trading inside a well-defined descending/falling wedge since the December 2024 swing high near ₹1,307.90, with lower highs and lower lows compressing into a narrowing range — a classic bullish reversal structure.Key observations:
Price recently broke out above the upper trendline of the wedge near the ₹748 breakout zone, closing at ₹752.60 (+1.20%).
The breakout is accompanied by a shift in structure, with price reclaiming the descending resistance line that had capped rallies since early 2025.
Volume/price action around the breakout zone will be key to confirming follow-through.
Trade setup:
- Breakout level: ₹748
- Stop Loss: ₹650 (below wedge support / recent swing low)
- Target 1 (T1): ₹845
- Target 2 (T2): ₹895.75
Risk-Reward: Roughly favorable, with T1 offering ~1.9:1 and T2 offering ~2.9:1 reward relative to the stop, based on entry near breakout.
Invalidation: A daily/4H close back below ₹650 would invalidate the bullish wedge breakout thesis and suggest continuation of the broader downtrend.
Not financial advice — this is a technical structure observation for educational/idea-sharing purposes. Please do your own due diligence before trading.
Transaction en cours
Educational Target 1 is closed and Target 2 is always on TSL
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.