ATRL Attock Refinery Short Term Analysis 5th Aug. 2020

Under Pressure

Our Pivot: 143.50

Our Preference: Start short selling ATRL below 136 and average it out till 139 with strict stop loss of 143.50 and profit target at 123 while breakout below will call for 117 and 114.

Alternate Scenario: Upward penetration of 143.50 will call for 148 and 151.

NOTE: ATRL is being capped by strong resistant regions and have formatted a daily bearish engulfing patter.

Daily Chart with supports & resistances: