Rebound Insight
Our Pivot: 48.81
Our Preference: Buy FFBL above 52.13 and average it out till 50.66 with strict stop loss of 48.81 and profit target at 56.03 and 57.95.
Alternate Scenario: Downward penetration of 48.81 will call for 46.22.
NOTE: FFBL is moving downward after completing 61.8% weekly correction of its last bearish rally and right now its getting support from bullish correction levels and its 100 weeks moving average along with a strong supportive region around 52.13 Rs.
Recommendations:
Buy above 52.13 and average it out till 50.66 with target at 56.03 and 57.95
Chart with Supports and Resistances:
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