Further Advance
Our Pivot: 7.95
Our Preference: Start buying BOP on breakout above 8.50 and average it out till 8.20 with strict stop loss of 7.95 and profit target at 9.31 with extension towards 9.65.
Alternate Scenario: Downward penetration of 7.95 will call for 7.55.
NOTE: BOP is trying to give bullish breakout of its descending wedge on daily chart.
Chart with supports & resistances:
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