>
> Descending Triangle Formation Targeting
around 22 - 23
> However, Bullish Divergence is appearing on Weekly TF
> Next Important Support is around 44 - 50 as
ABCD pattern also completes there
On the flip side, 66 needs to be crossed again & sustain!
In this case, Target may be around 75.
We can attempt to buy TRG if it gives breakout of consolidation box , also bullish divergence occur indicate that it move upward.
SL , TP mention in chart.
TRG has been experiencing some downward presseure recently with a series of lower highs and lower lows and now in a accumulation phase.
However, recently it broke the bearish trendline with strong bullish div on daily, if candle closes above accumulation zone 74.81 then we will enter at 76.15 , with a secondary buy opportunity at 71.69
Since November 2022, TRG has experienced a persistent decline. However, in February 2024, this downtrend halted, transitioning to an upward trajectory. Notably, recent market activity has seen price establish support around the 67 level, culminating in a closing value of 71.49 during the preceding trading session. Looking ahead, initial resistance is anticipated...
67 should be Sustained on Weekly Basis
If this Support is Broken, we may
witness 61 - 62 levels
However, there is a BULLISH Divergence
on Daily TF favoring Bulls
TRG is giving a breakout, and seems like that the declining phase is over the asset. It made a bullish divergence and a previous bullish divergence is also matured now, which indicates that bulls have finally gained control of the price action. A bullish rally will take price to new highs. Targets are mentioned on the chart.
TRG PAKISTAN
The Bigger Picture: First, TRG is still trading within a bearish parallel channel, as indicated by the solid black line. It recently experienced a downturn from the 99/100 area, which serves as both a psychological level and the upper boundary of the parallel channel. A potential healthy breakout is anticipated above the channel, ranging from 99 to...
TRG is currently starting a bullish rally, by printing higher highs and higher lows. The rally is expected to further move up. Targets are mentioned on the chart.
After making H&S Pattern, TRG is currently testing its neckline. If it gives closing above neckline around 92 then more upward momentum can be seen and can test trendline around 97.70.
TRG testing monthly support around 66. If bearish volume sustains on support then pull back occur other wise it can break support. 84 and 40 are resistance and support level respectively
