TRGWe 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 trade ideas
TRG Buy Idea - PSXTRG 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
TRG - BULLISHTRG Pakistan looks bullish as it breaks its previous lower high and change of character has been formed and printed a bullish inside bar yesterday.
🚀 TRG Update | Swing Vs Scalp Trade 🚀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 at approximately 73.66 (0.5 Fib level) and 75.91 (0.382 Fib level). Should these levels be breached, a significant supply zone is expected to emerge around the 83 mark.
Bullish Divergence on DailyBullish Divergence on Daily as well as Weekly TF
It should test 95 - 97 levels once again before
deciding its Further Move
Bullish Divergence on Shorter TF67 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 BullishTRG 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.
TRGPlan1
Buy around 77.55 - 78.55
Sell around 81- 81.50
Stoploss 75 (Closing basis)
Plan2
Buy Above 81.60
Sell around 83.50 - 84
Stoploss 80
TRGTRG
Closed at 85.79 (20-12-2023)
Making LL LH on Weekly TF
However, HH HL has been started on Daily TF
TRG - LongHH and HL (yellow dots) on 1D TF
Entry: 89.38, 91.83
SL: 78.40
TP 1: 30% offload at 100.32
No divergence
TRG PAKISTAN | Bullish stance on the script remains intactTRG 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 102, accompanied by robust volume.
On a shorter timeframe, TRG initiated a rally from 67, achieving a significant upward swing up to 99 within a bullish parallel channel (dotted lines). It is advisable to exercise patience and wait for a retest of the support zone, specifically within the range of 84 to 87, confirmed by a bullish candle.
Our bullish stance on the script remains intact as long as it continues to trade above 84.
For those holding current positions, dynamic support (EMA) can be employed as a trailing stop loss.
TRG is BullishTRG 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.
TRGAfter 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 strong supportTRG 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
TRG - PSX - Support AreaTRG - It is trading near a very strong support area and also a bullish divergence is witnessed, which can be a sign of potential trend reversal. Entry can be taken at the breakout of previous Lower High with 1:1 and 1:2 risk reward and TP set at a resistance area.
TRG Daily ChartTRG Daily Chart
Trendline broken.
Price below previous HL 101.30 level.
Last supply levels 105.20 & 109.55.
Candlestick price action Outside bar and Engulfing patterns
TRG Daily ChartTRG Daily Chart, Trendlines, Supply and Demand levels, Support and Resistance levels,
TRG M15 CHART TRADE SETUP LONGTRG M15 GON LONG ABOVE 97.50 WITH STOP LOSS BELOW 95 TARGETING 98.85, 100.00 & 102.25 It is much likely price initiate Wave "C'
TRG Bullish Move aheadTrg's reversal from strong support. Breakout above trendline gave more confidence to the trade idea.
