Upside Prevails
Our Pivot: 22.30
Our Preference: Start buying from current price and add averages till 24.23 with strict stop loss of 22.30 and profit target at 30.48.
Alternate Scenario: Downward penetration of 22.30 will call for 20.26.
NOTE: GGGL is bouncing back after posting double bottom on weekly chart and right now its getting support from a rising trend line along with a horizontal support. Weekly Stochastic also have generated a bullish crossover.
Weekly Chart with Supports and Resistances:
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