Upside Prevails
Our Pivot: 58.42
Our Preference: Buy above 63.58 and average it out till 61.02 with strict stop loss of 58.42 and profit target at 70.56 with extension towards 75.
Alternate Scenario: Downward penetration of 58.42 will call for 53.09.
NOTE: KTML is moving in an upward price channel and right now its getting support from a rising trend line along horizontal supportive regions.
Recommendations: Buy above 63.58 and average it out till 61.02 with target at 70.56
Weekly Chart with Supports and Resistances:
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