Rebound Insight
Our Pivot: 70.21
Our Preference: Start buying KAPCO above 75.75 and average it out till 73.56 with strict stop loss f 70.21 and target at 83.12 and 86.97.
Alternate Scenario: Downward penetration of 70.21 will call for 67.91.
NOTE: KAPCO is getting support from a rising trend line along with a strong horizontal supportive region. Weekly 61.8% correction level is already fulfilled and its expected a rebound in it.
Recommendations:
Buy above 75.75 and average it out till 73.56 with target at 83.12 adn 86.97.
Weekly Chart with Supports and Resistances:
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