TRG From 58 -- 75 in no time (+29%) after our call TRG From 58 -- 75in no time (+29%) after our call — breakout delivering strong gains
TRG ELITE KATCHRA💎
CMP: 58.76
From forgotten junk to potential multi-bagger 2x... 3X...4X...? will see what unfolds...
TRG is showing signs of a potential long-term reversal after a multi-year downtrend. Price action is compressing within a large falling wedge pattern, typically a bullish formation. A breakout above the upper trendline (~60–62) with volume could trigger a major upside move 110 - 120, with a long-term price target potentially reaching 153 - 200+.
Watch closely for confirmation abv 76.00 on weekly.
This analysis is for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any security. Always conduct your own research or consult with a licensed financial advisor before making investment decisions. Past performance is not indicative of future results.
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As of 05, July 2025
TRG
TRG Pakistan Limited – Breakout and Technical OutlookTRG Pakistan Limited (PSX: TRG) has been consolidating within a multi-year descending channel and is now approaching a critical technical juncture.
Technical Structure
Downtrend Resistance: The stock has remained under a long-term declining trendline since early 2021, consistently making lower highs.
Support Base: Strong demand has been observed in the 44–50 PKR zone, which has acted as a multi-touch support level.
Immediate Resistance:
68.66 PKR – near-term breakout level.
80.51 PKR – mid-term resistance.
93.73 PKR and 100.76 PKR – long-term upside targets upon a sustained breakout.
Price Outlook
A close above 68.66 PKR would indicate a potential structural shift, opening room toward the 80–100 PKR range.
Sustained price action above the descending trendline would confirm a long-term reversal and potentially attract institutional participation.
Conversely, failure to hold above current levels could lead to a retest of the 50–44 PKR demand zone.
Strategic View
TRG remains in a neutral-to-bullish posture in the short term. A confirmed breakout above resistance levels will improve risk-reward dynamics for medium- to long-term investors, while the downside remains capped by a well-defined support base.