Under Pressure
Our Pivot: 51.86
Our Preference: Start short selling TRG below 49 and average it out till 50.10 with strict stop loss of 51.86 and profit target at 45.00.
Alternate Scenario: Upward penetration of 51.86 will call for 53.50 and 54.60.
NOTE: TRG is being capped by strong resistant regions and a daily bearish engulfing pattern have been formatted.
Hourly chart with supports & resistances:
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