Further Advance
Our Pivot: 16.30
Our Preference: Start buying ITTEFAQ from current price and average it out till 16.80 with strict stop loss of 16.30 and profit target at 18.25 with extension towards 18.60.
Alternate Scenario: Downward penetration of 16.30 will call for 15.80 and 15.50.
NOTE: ITTEFAQ have given bullish breakout of its descending trend line and now its heading towards its next regions.
Chart with supports & resistances:
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