TRG TRG Pakistan Ltd. Short Term Analysis 14th Jul. 2020

Turning Down

Our Pivot: 40.30

Our Preference: Start short selling TRG below 37.40 and average it out till 38.15 with strict stop of 40.30 and profit target at 34.00 with extension towards 32.00.

Alternate Scenario: Upward penetration of 40.30 will call for 42.60.

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

Daily chart with supports & resistances: