Caution
Our Pivot: 42.10
Our Preference: Short Sell TRG below 39.37 and average it out till 40.50 with strict stop loss of 42.10 and profit target at 36.45 and 34.
Alternate Scenario: Upward penetration of 42.10 would call for 44.40 and 45.60
NOTE: TRG is moving in an upward price channel and right now its capped by resistant trend line of said channel along with a horizontal resistant region which falls on a double top after completing a half moon on daily chart. Daily Stochastic have generated a bearish crossover and weekly is ready for that which would put pressure on TRG prices.
Daily Chart with Supports and Resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.