Under Pressure
Our Pivot: 52.50
Our Preference: Start short selling TRG below 50.30 and average it out till 51.35 with strict stop loss of 52.50 and profit target at 47.90 with extension towards 46.75.
Alternate Scenario: Upward penetration of 52.50 will call for 54.60.
NOTE: TRG is moving downward after facing rejection from 50% correction of its last bearish rally and resistant trend line of its rising wedge.
Hourly chart with supports & resistances:
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