TRG TRG Pakistan Intra-day Analysis 18th July 2018

Upside Prevails

Our Pivot:  26.47

Our Preference: Start buying TRG from current price with strict stop loss of 26.47 and profit target at 28.05 and 28.45.

Alternate Scenario: Downward penetration of 26.47 will call for 26.00 and 25.77.

NOTE: TRG have penetrated a descending trend line in upward direction and right now its heading towards a strong horizontal resistant region. Hourly Stochastic and MAORSI have generated  bullish crossovers and these both push price in upward direction.

Hourly Chart with Supports and Resistances: