ATRL Attock Refinery Ltd. Short term Analysis 5th May 2020

Turning Down

Our Pivot: 95

Our Preference: Start short selling ATRL below 91 & average it out till 92.60 with strict stop loss of 95 and profit target at 83.15 and 79.80. 

Alternate Scenario: Upward penetration of 95 would call for 97.60 & 101.

NOTE: ATRL is being capped by a strong horizontal resistant region along with a descending trend line.

Chart with Supports & Resistances: