Rebound Insight
Our Pivot: 22.50
Our Preference: Start buying DOL from current price and average it out till 24.40 with strict stop loss of 22.50 and profit target at 29.30 with extension towards 31.40.
Alternate Scenario: Downward penetration of 22.40 will call for 21.00 and 18.00.
NOTE: DOl is getting support from a horizontal supportive region along with ascending trend line of its bullish price channel.
Chart with supports & resistances:
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