TRG The Resources Group of Pakistan Short Term Analysis 12th March 2018
Downside Prevails
Our Pivot: 36.13
Our Preference: Short Sell TRG below 35.50 with strict stop loss of 36.13 and profit target at 33.70 with extension towards 32.50.
Alternate Scenario: Upward penetration of 36.13 will call for 36.50 and 37.50.
NOTE: TRG have penetrated a triangle on hourly chart in bearish direction and now said triangle would be expanded to a bearish trend channel which would lead TRG towards 32.50 on short term basis.
Hourly Chart with Supports and Resistances:
TRG 42
Overview
Quick Snapshot
Free Float
463,582,065
O/S Shares
545,390,665
Market Cap. (m)
0.00
Var Value
16.50
Hair Cut
22.50
Last Price
Price Adjusted
52 Weeks Range
52w Low
52w High
Intraday
Pivots
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
5.55
7.21
QTD Price Return
5.55
7.21
3M Price Return
-11.43
-12.16
6M Price Return
-47.43
-36.48
9M Price Return
-87.44
-51.43
YTD Price Return
-35.33
-29.97
1Y Price Return
-79.93
-49.19
3Y Price Return
62.12
303.77
5Y Price Return
35.06
73.79