TRG TRG Pakistan Limited Intra-day Analysis 23rd Jan. 2020

Further Advance

Our Pivot: 25.80

Our Preference: Buy TRG above 26.70 with strict stop loss of 25.80 and profit target at 28 with extension towards 28.60.

Alternate Scenario: Downward penetration of 25.80 will call for 24.60 and 24.10.

NOTE: TRG is trying to bounce back after getting support from a horizontal supportive region and intraday momentum indicators have generated bullish crossovers. 

Weekly Chart with Supports and Resistances: