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AGL, CRTM, GAIL, HCAR and TOMCL Technical Analysis

Sarmaaya Desk
Sarmaaya Content Team
Agritech Limited (AGL):

AGL completed it's long-term bearish correction during the last week of May and made a strong impulse to the upside. It is now retracing to a key level at around 6.40. Price may continue it's upward trajectory from here however if it dips further then 5.90 is the next major support zone where buyers can step in. Stop-loss should be strictly placed at 5.50 for an initial upside target of 7.70

AGL
Crescent Textile Mills: (CRTM):

Crescent Textile Mills has recently broken it's bearish Trendline and seems likely to move to the upside. Current price levels look good for entering however a strict stop-loss of 24.90 must be set with potential targets of 31.40, 35.30 and 39.0 respectively.

Textile_mills
Ghani Automobile Industries Limited (GAIL):

Ghani Automobile Industries has broken a critical resistance area on the daily as well as the ascending channel Trendline indicating strong bullish sentiment. One can look for buying opportunities at the current price with a strict stop-loss of 7.90 and an initial Target of 11.00

GHANI
Honda Atlas Cars (Pakistan) Limited (HCAR):

HCAR attempting a breakout, it is likely to test range top once more. However breaking above 400-410 would open targets towards 465 followed by 510. On the upside resistance can be seen around 384 and 410 region while strong support now formed at 345 followed by 335.

HCAR
The Organic Meat Company Limited (TOMCL):

TOMCL after quick gains has entered a triangle formation. The pattern is close to a breakout. TOMCL on breach 41 is likely to target 43 followed by 45. On upside resistance can be seen around 39-41 while it has formed a strong support between 34-31.75 region.

TOMCL



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