Rebound Insight
Our Pivot: 53.70
Our Preference: Start buying CSAP above 59.50 and average it out till 58.10 with strict stop loss of 53.70 and profit target at 64.10 with extension towards 67.30.
Alternate Scenario: Downward penetration of 53.70 will call for 47.50.
NOTE: CSAP is being supported by a rising trend line along with a strong horizontal supportive region.
Chart with supports & resistances:
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