From Accumulation to Action — ARGAN’s Bullish SetupThe stock was previously in clear accumulation zones according to the earlier analysis, and it has now begun forming a short-term upward wave targeting profit-taking areas. Trading volumes within the accumulation zone indicate a gradual inflow of liquidity, suggesting that investors are building positions in anticipation of a bullish move. The continued momentum of the RSI strengthens this upward outlook.
However, note the price gap at 96.2 fils — the stock often tends to close such gaps before continuing its profit-taking journey. Since the gap is relatively low, investors should exercise caution, as breaking below this level could shift the bullish scenario into a bearish one.
Long
