Turning Down
Our Pivot: 40.30
Our Preference: Start short selling TRG below 37.40 and average it out till 38.15 with strict stop of 40.30 and profit target at 34.00 with extension towards 32.00.
Alternate Scenario: Upward penetration of 40.30 will call for 42.60.
NOTE: TRG is being capped by a rising trend line along with strong horizontal resistant regions.
Daily chart with supports & resistances:
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