TRG was in BULL RUN since March 2020 to April 21, it is trending in bullish channel since 2020, it has now bottomed out in this channel as seen in 1W chart at bottom.
As seen in 1D chart it has given bullish reversal on heavy volumes on upward leg and much lighter volume on downward pullback, furthermore it has successfully created an Spring or Bear Trap which is precursor to up move.
Price Action also suggests an impending uptrend since the pullback is in the form of Bear wedge which is in fact a Bull Flag that has completed its three pushes on downside. It also confirms the take off to upside
BUY TRG 56-60
TP1 69.5
TP2 82.5
SL 51.1
As seen in 1D chart it has given bullish reversal on heavy volumes on upward leg and much lighter volume on downward pullback, furthermore it has successfully created an Spring or Bear Trap which is precursor to up move.
Price Action also suggests an impending uptrend since the pullback is in the form of Bear wedge which is in fact a Bull Flag that has completed its three pushes on downside. It also confirms the take off to upside
BUY TRG 56-60
TP1 69.5
TP2 82.5
SL 51.1
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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.