TRG The Resources Group of Pakistan Mid-Term Analysis 13th Jan. 2020

Turning Down

Our Pivot: 30.70

Our Preference: Short sell TRG below 28.10 with strict stop loss of 30.70 and initial target at 25.30 with extension towards 22.30 Rs.

Alternate Scenario: Upward penetration of 30.70 will call for 32.05 and 34.60.

NOTE: TRG is being capped by a strong resistant trend line along with a horizontal resistant region.

Weekly Chart with Supports and Resistances: