ATRL Attock Refinery Short Term Analysis 27th Oct. 2020

Turning Down

Our Pivot: 165.50

Our Preference: Start short selling ATRL below 161.50 with strict stop loss of 165.50 and profit target at 150.70 with extension towards 147.

Alternate Scenario: Upward penetration of 165.50 will call for 167.30 and 171.00.

NOTE: ATRL is going to completed 61.8% correction at a strong resistant region mean while daily and hourly momentum indicators are trying to change their direction towards bearish side.

Daily Chart with supports & resistances: