Further Advance
Our Pivot: 37.20
Our Preference: Start buying KAPCO above 41.30 and average it out till 40.00 with strict stop loss of 37.20 and profit target at 46.70 with extension towards 50.10.
Alternate Scenario: Downward penetration of 37.20 will call for 32.00.
NOTE: KAPCO have given breakout of its daily triangle in bullish direction and now its coming back for retesting of its resistant trend line of that triangle.
Chart with supports & resistances:
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