TRG TRG Pakistan short term analysis 24th Nov. 2020

Rebound Insight

Our Pivot: 49.00

Our Preference: Start buying from current price and average it out till 50.00 with strict stop loss of 49.00 and profit target at 53.60 and 55.30.

Alternate Scenario: Downward penetration of 49.00 will call for 47.30 and 46.50.

NOTE: TRG have completed its 50% correction of last bullish rally on hourly chart and right now its trying to bounce back after getting support from a strong supportive region.

Chart with supports & resistances: