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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.