Rebound Insight
Our Pivot: 12.21
Our Preference: Buy FABL above 13.37 and average it out till 13.00 with strict stop loss of 12.21 and profit target at 15.12 and 15.75.
Alternate Scenario: Downward penetration of 12.21 will call for 11.74.
NOTE: FABL is moving in a bearish trend channel but right now its getting support from a rising trend line along with a horizontal supportive region.
Recommendations:
Buy above 13.37 and average it out till 13.00 with target at 15.12 and 15.75.
Weekly Chart with Supports and Resistance:
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