TRG The Resources Group of Pakistan Short Term Analysis 12th March 2018

Downside Prevails

Our Pivot: 36.13

Our Preference: Short Sell TRG below 35.50 with strict stop loss of 36.13 and profit target at 33.70 with extension towards 32.50.

Alternate Scenario: Upward penetration of 36.13 will call for 36.50 and 37.50.

NOTE: TRG have penetrated a triangle on hourly chart in bearish direction and now said triangle would be expanded to a bearish trend channel which would lead TRG towards 32.50 on short term basis.

Hourly Chart with Supports and Resistances: