TRG TRG Pakistan short term analysis 19th Jan. 2021

Turning Down

Our Pivot: 115.60

Our Preference: Start short selling below 106.10 and average it out till 111.60 with strict stop loss of 115.60 and profit target at 93.00 with extension towards 86.85.

Alternate Scenario: Upward penetration of 115.60 will call for 121.

NOTE: TRG is being  capped by a strong resistant trend line on weekly chart.

Chart with supports & resistances: