TRG LONG TRADE & INVESTMENT
TRG is trading in an upward channel on the weekly timeframe, showing long-term strength. After touching the channel's bottom in October 2024, the stock reversed with excellent volume and price action.
Recently, TRG broke out of a short-term downward channel and formed a bullish wedge, now showing signs of an impending breakout. Targets have been calculated based on this pattern.
🚨 TECHNICAL BUY CALL – TRG🚨
- Buy 1: PKR 64.6 (current price)
- Buy 2: PKR 62.7
- Buy 3: PKR 58
- Short-term:
- TP1: PKR 68
- TP2: PKR 74.4
- TP3: PKR 82
- TP4: PKR 89.6
- Long-term:
- LTP1: PKR 98
- LTP2: PKR 107.4
- LTP3: PKR 116
- LTP4: PKR 124
*Stop Loss:* Below PKR 50
*Risk-Reward Ratio:* 1:6
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
TRG is trading in an upward channel on the weekly timeframe, showing long-term strength. After touching the channel's bottom in October 2024, the stock reversed with excellent volume and price action.
Recently, TRG broke out of a short-term downward channel and formed a bullish wedge, now showing signs of an impending breakout. Targets have been calculated based on this pattern.
🚨 TECHNICAL BUY CALL – TRG🚨
- Buy 1: PKR 64.6 (current price)
- Buy 2: PKR 62.7
- Buy 3: PKR 58
- Short-term:
- TP1: PKR 68
- TP2: PKR 74.4
- TP3: PKR 82
- TP4: PKR 89.6
- Long-term:
- LTP1: PKR 98
- LTP2: PKR 107.4
- LTP3: PKR 116
- LTP4: PKR 124
*Stop Loss:* Below PKR 50
*Risk-Reward Ratio:* 1:6
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.