TGL Tariq Glass Limited Analsis 08 March 2016

Further Advance

Our Pivot: 54.21

Our Preference: Start buying TGL above 59 and average it out till 56.53 with strict stop loss of 54.21 and profit target at 67.05 and 69.

Alternate Scenario: Downward penetration of 54.21 will call for 50.05.

NOTE: TGL is getting support from a horizontal supportive region along with its 100 weeks moving average. Weekly stochastic and MAORSI are also ready for a crossover.

Recommendations: Start buying above 59 and average it out till 56.53 with target at 67.05.

Weekly Chart with Supports and Resistances: