AGSML - BREAKOUT TARGETING 8.50 -11.00, FOLLOWED BY 13.50 - 16.5📈 AGSML (Abdullah Shah Ghazi Sugar Mills Ltd) – Technical Analysis
AGSML has confirmed a breakout from its long-term downtrend line after a prolonged accumulation phase around the PKR 4.5–6.5 range. The stock closed at PKR 7.00, gaining +18.64%, and is now positioned above key Fibonacci retracement levels — signaling a potential trend reversal.
With this breakout, immediate upside targets lie at PKR 8.49, followed by PKR 9.40–10.95 in the short to medium term. A strong move beyond these zones could extend the rally toward PKR 13.50–16.50, based on historical Fibonacci projections.
As long as the price holds above the 6.50–6.90 breakout zone, AGSML appears technically poised for a sustained upward move.
📌 Disclaimer:
This is a technical analysis-based trade idea for educational and informational purposes only. It does not constitute financial advice. Please do your own research (DYOR) and consult your financial advisor before making any investment decisions. Trading involves risk, and past performance is not indicative of future results.
