ATRL Attock Refinery Limited Short Term Analysis 6th Mar. 2020

Turning Down

Our Pivot: 104.78

Our Preference: Start short selling ATRL below 99 and average it out till 101.30 with strict stop loss of 104.78 and profit target at 89.60 and 87.50.

Alternate Scenario: Upward penetration of 104.78 will call for 108.80.

NOTE: ATRL is being capped by a descending trend line along with a strong horizontal resistant region, mean while daily momentum indicators are changing their directions towards bearish side.

Daily Chart with Supports and Resistances: