Rebound Insight
Our Pivot: 24.40
Our Preference: Start buying DOL from current price and average it out till 25.20 with strict stop loss of 22.40 and profit target at 27.50 with extension towards 28.20
Alternate Scenario: Downward penetration of 24.40 will call for 23.00 and 21.50
NOTE: DOL is being caged in a descending wedge on hourly chart at its 61.8% correction and a sharp pull back would be witnessed if it would succeed in giving a breakout of this wedge in upward direction.
Chart with supports & resistances:
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