TRG TRG Pakistan short term analysis 21st Sep. 2020

Rebound Insight

Our Pivot: 54.60

Our Preference: Start buying TRG from current price and average it out till 56.50 with strict stop loss of 54.60 and profit target at 60.00 with extension towards 62.20 and 63.70.

Alternate Scenario: Downward penetration of 54.60 will call for 51. and 49.

NOTE: TRG is moving a descending wedge on hourly chart and after getting support form supportive trend line of this wedge and a horizontal supportive region its ready for a bullish pull back of this wedge.

Hourly chart with supports & resistances: