ATRL Attock Refinery Ltd. Short-Term Analysis 12th Dec. 2017

Rebound Insight

Our Pivot: 225.90

Our Preference:  Start buying ATRL above 248 and averaged it out till 242 with strict stop loss of 225.90 and profit target at 294.63 with extension towards 322.

Alternate Scenario: Downward penetration of 225.90 will call for 208 and 190.

NOTE: ATRL is going to get a strong support from a trend line which was previously a resistant region along with a horizontal supportive region. Weekly stochastic is also trying to generate a bullish crossover which would push it in bullish zone.

Daily Chart with Supports and Resistances: