TRG TRG Pakistan Short Term Analysis 3rd Sep. 2018

Rebound Insight

Our Pivot: 29.60

Our Preference: Start buying TRG above 30.30 with strict stop loss of 29.60 and profit target at 32.50, breakout of 32.50 will call for 33.68 and 34.50.

Alternate Scenario: Downward breakout of 29.60 will call for 29.11 and 27.90

NOTE: TRG is getting support from a descending trend line which have previously reacted  as major resistance. Momentum indicators are trying to generate bullish crossovers and if they would succeed then a sharp pullback would be witnessed in it.

Hourly Chart with Supports and Resistances: