TRG TRG Pakistan short term analysis 3rd Nov. 2020

Rebound Insight

Our Pivot: 40.00

Our Preference: Start buying TRG above 42.60 and average it out till 41.80 with strict stop loss of 40.00 and profit target at 45.30 with extension towards 47.00.

Alternate Scenario: Downward penetration of 40.00 will call for 37.40.

NOTE: TRG is getting support form a rising trend line at its 74.6% correction level on daily chart.

Daily chart with supports & resistances: