Not logged in, please login to view portfolio!

Blog Stocks

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

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.

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

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.

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.


Related articles

My Watchlist

Not logged in, please login to view watchlist!

Sarmaaya was founded in 2017 by Laeeq Ahmad, and created in response to the non-existence of a web-based platform that could audit traders globally and at the same time; enable traders to share their knowledge with people interested in their strategies.


abcData (Pvt) Limited (Sarmaaya) is a Pakistan Stock Exchange (PSX) authorized data redistributor. Sarmaaya & CS Solutions (Pvt.) Limited (CS) do not guarantee the timeliness, accurateness, or completeness of any data or information on the website. Sarmaaya & CS makes no warranties, express or implied, as to Sarmaaya & CS or any data or values relating thereto or results to be obtained therefrom, and expressly disclaims all warranties of merchantability and fitness for a particular purpose with respect thereto. To the maximum extent allowed by law, Sarmaaya & CS, its licensors, and their respective employees, contractors, agents, suppliers and vendors shall have no liability or responsibility whatsoever for any injury or damages – whether direct, indirect, consequential, incidental, punitive or otherwise – arising in connection with Sarmaaya & CS or any data or values relating thereto – whether arising from their negligence or otherwise. Nothing in the website shall constitute or be construed as an offering of financial instruments or as investment advice or investment recommendations (i.e., recommendations as to whether or not to “buy”, “sell”, “hold”, or to enter or not to enter into any other transaction involving any specific interest or interests) by Sarmaaya & CS or a recommendation as to an investment or other strategy by Sarmaaya & CS. Data and other information available via the website should not be considered as information sufficient upon which to base an investment decision.