TRG The Resources Group of Pakistan Analysis 17 June 2013

• 2013-06-17 09:18:59
• 28 Comments
• 75 Views
• kse-analysis
• Noor Maier

Upside Prevails

Our pivot: 10.67 Our Preference: Buy TRG above 11.25 with strict stop loss of 10.67 and profit target at 12.13 and 13.10 with extension towards 13.84 and 14.80 Alternative Scenario: Downward Penetration of 10.67 will call for 8.54 NOTE: TRG is expension mode and is moving towards 13.10 if it will become able to close above 12.13 as closing above this level will generate a new bullish era in TRG. All middle impact indicators like RSI and Stochastic are indicating further advance in TRG. It have fullfilled its 50% correction on mid term and 38% Correction on short term basis so now its time for expensions. Recommendations: For New Entries (Start Buying above 11.38 ) Weekly Chart with Supports and Resistance:

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