ATRL Attock Refinery Short-Trem Analysis 12 Feb 2019

Rebound Insight

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ATRL Chart Illustration by CapitalMarkets

Rebound Insight

Our Pivot: 125.80

Our Preference: Buy ATRL above 129.70 with strict stop loss of 125.89 and profit target at 138 and 144 with extension towards 151.

Alternate Scenario: Downward penetration of 125.80 will call for 122 and 116 .

NOTE: ATRL is being supported by a rising trend line along with a horizontal supportive region. Its also going to complete its 61.8% correction.

Chart with Supports and Resistances:

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