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AGTL - Hourly Analysis - 13-12-2024

  • Sarfaraz Ahmad

Primary Structure:  Potential Zigzag

Primary Trend: Bullish

Current Wave Structure: Potential Bullish Impulsive.

Expectations:  The rise from the low is aggressive and can be counted in five bullish waves as red wave "(A)". The consolidation from the high of the red wave "(A)" prolongs and appears as a triangle in red wave "(B)". The rise from its low can be expected to unfold in five waves as the rise tends to define an impulsive cycle in red wave "(C)".  A new higher high is expected after a small consolidation in black wave "4" which will be assumed as the top of the black wave "b" on a higher degree level.

Recommendation: 2: Take the profit of the holdings from the current levels.
1:  Long must-have stops below 241. The target will be 490.

Previously :

Previously :