TRG TRG Pakistan short term analysis 11th Sep. 2020

Downside Prevails

Our Pivot: 62.30

Our Preference: Short sell below 60.70 with strict stop loss of 62.30 and profit target at 58.10 with extension towards 56.48.

Alternate Scenario: Upward penetration of 62.30 will call for 64.50.

NOTE: TRG is moving in a descending wedge and its moving downward after getting resistance from its resistant region.

Hourly Chart with supports & resistance: