Rebound Insight
Our Pivot: 24.20
Our Preference: Start buying MLCF above 25.20 and average it out till 24.50 with strict stop loss of 24.20 and profit target at 26.10 with extension towards 26.60 & 27.30.
Alternate Scenario: Downward penetration of 24.20 will call for 23.50 and 23.00.
NOTE: MLCF have found support at supportive trend line of descending wedge on daily chart.
Daily chart with Supports & Resistances:
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