ATRL Attock Refinery Ltd. Short-Term Analysis 15th Sep. 2017

Turning Down

Our Pivot: 452.30

Our Preference: Short Sell ATRL below 434  and average it out till 445 with strict stop loss of 452.30 and profit target at 406 with extension towards 385.

Alternate Scenario: Upward penetration of 452.30 will call for 471.

NOTE: ATRL is capped by a  crossover of two major resistant trend lines along with a horizontal resistant region. Daily Stochastic is trying to generate a bearish crossover which could push it in bearish direction if succeeded.

Daily Chart with Supports and Resistances: