ATRL Attock Refinery Short Term Analysis 25th Jan. 2021

Under Pressure

Our Pivot: 183.70

Our Preference: Start short selling from current price and average it out till 180.20 with strict stop loss of 183.70 and profit target at 168.00 and 161.00.

Alternate Scenario: Upward penetration of 183.70 will call for 188.75.

NOTE: ATRL have given bearish breakout of its triangle on hourly chart and now its heading towards expansion of its triangle.

Chart with supports & resistances: