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.
İşlem aktif
Educational Target 1 is closed and Target 2 is always on TSL
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.