Rebound Insight
Our Pivot: 26.00
Our Preference: Start buying ICL above 30.40 and average it out till 28.30 with strict stop loss of 26.00 and profit target at 34.86 with extension towards 37.50.
Alternate Scenario: Downward penetration of 26.00 will call for 24.30 and 23.00.
NOTE: ICL is being supported by a rising trend line after completion of its correction of its last bullish rally.
Daily chart with supports & resistances:
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