TRG is testing a major long-term downtrend line around 83 PKR, which aligns with the upper boundary of its short-term rising channel. This confluence has historically acted as strong resistance.
🚩 Resistance Zone: 82–85 PKR
📉 Possible Pullback Targets: 75 → 62 PKR
✅ Bullish Scenario: A clean breakout above 87 with volume could open the way toward 100+ PKR
⚠️ Bearish Scenario: Rejection here likely brings a correction back to channel support.
Conclusion:
Price action suggests a high-probability pullback unless TRG can decisively break above the downtrend line. Traders should watch 82–85 closely for confirmation.
🚩 Resistance Zone: 82–85 PKR
📉 Possible Pullback Targets: 75 → 62 PKR
✅ Bullish Scenario: A clean breakout above 87 with volume could open the way toward 100+ PKR
⚠️ Bearish Scenario: Rejection here likely brings a correction back to channel support.
Conclusion:
Price action suggests a high-probability pullback unless TRG can decisively break above the downtrend line. Traders should watch 82–85 closely for confirmation.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.