TRG TRG Pakistan Intraday Analysis 7th Sep. 2018

Rebound Insight

Our Pivot: 27.30

Our Preference: Start buying TRG from current Price with strict stop loss of 27.30 and profit target at 30.88 and  32.50.

Alternate Scenario: Downward breakout of 27.30 will call for 26.08.

NOTE: TRG is getting support from a descending trend line which have previously reacted  as major resistance. Momentum indicators are trying to generate bullish crossovers and if they would succeed then a sharp pullback would be witnessed in it.

Hourly Chart with Supports and Resistances: