ATRL Attock Refinery Ltd. Short-Term Analysis 21st Sep. 2017

Turning Down

Our Pivot: 438.80

Our Preference: Short Sell ATRL below 430  and average it out till 434 with strict stop loss of 438.80 and profit target at 404 with extension towards 387.

Alternate Scenario: Upward penetration of 438.80 will call for 445 and 452.

NOTE: A triple top is formatted in  ATRL and its also capped by a  crossover of two major resistant trend lines along with a horizontal resistant region. Daily MOARSI is trying to generate a bearish crossover which could push it in bearish direction if succeeded.

Daily Chart with Supports and Resistances: