Agi Infra is currently presenting a high-probability breakout setup. After consolidating in a tight range between ₹230 and ₹295 since October, the price is finally challenging the upper boundary with significant bullish intent.
Execution Note
Wait for a decisive daily close above ₹295 to avoid the bull trap seen in early January. If the price retests the breakout zone at ₹290, it could offer a lower-risk entry point.
Technical Breakdown
Price Action: The stock has formed a Rectangular Base. A decisive daily close above the ₹295 resistance level confirms the breakout.
Volume Confirmation: Notice the surge in volume on the latest bullish candles .This indicates strong institutional absorption of supply at the resistance zone.
Momentum : The RSI has crossed above 60 and is trending toward 70, signaling that the bullish momentum is accelerating without being overextended.
Support Base: The recent swing low at ₹275 serves as immediate structural support.
The Trade Setup
Entry: Above ₹296
Stop Loss (SL): ₹270
Target 1: ₹325 (Previous swing high)
Target 2: ₹355+
Execution Note
Wait for a decisive daily close above ₹295 to avoid the bull trap seen in early January. If the price retests the breakout zone at ₹290, it could offer a lower-risk entry point.
Technical Breakdown
Price Action: The stock has formed a Rectangular Base. A decisive daily close above the ₹295 resistance level confirms the breakout.
Volume Confirmation: Notice the surge in volume on the latest bullish candles .This indicates strong institutional absorption of supply at the resistance zone.
Momentum : The RSI has crossed above 60 and is trending toward 70, signaling that the bullish momentum is accelerating without being overextended.
Support Base: The recent swing low at ₹275 serves as immediate structural support.
The Trade Setup
Entry: Above ₹296
Stop Loss (SL): ₹270
Target 1: ₹325 (Previous swing high)
Target 2: ₹355+
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.