TRG trade ideas
TRG LONGTERM ANALYSIS AND NEW ALL TIME HIGH COMINGTRG has been in Pullback since May 2021 when it posted its ATH of Rs 186.
It has reached 78% level of retracement and is rebounding from !M FVG(Fair Value Gap).
It is very much likely to start a long term bullish move after it crosses Rs74 level to make new high of Rs 230 In Sha Allah
TRG Bullish Reversal: Buy at Golden PocketTRG is trending after a prolonged bearish phase, forming higher highs and higher lows. It is currently trading around the Fibonacci golden pocket. A buy entry at the current market price is suggested, with a stop loss below the last low and a target at the recent high.
TRG is BullishPrice was in a strong downtrend, respecting the descending trendline, however a matured bullish divergence on daily time frame suggests that bulls are trying to assume control of the price action. Now it seems that the descending trendline would be broken by bullish momentum which would potentially lead of a bullish reversal as per Dow theory. Targets are mentioned on the chart.
TRG Ready for another 16% rideThe stock after breakout its bearish cycle, continuing its bullish ride, recently retraced to mark its LH @ 54 which will be out SL for the trade.
Enter at the breakout of symmetrical triangle at a price of 64.35 for the target price of 74.7 which will be out first TP, approximately 16% gains