Rebound Insight
Our Pivot: 64.75
Our Preference: Start buying from current price and average it out till 67.50 with strict stop loss of 64.75 and profit target at 79.40 with extension towards 85.00.
Alternate Scenario: Downward penetration of 64.75 will call for 60.50.
NOTE: MUGHAL is moving in a bullish price channel and right now its getting support from a strong horizontal supportive region.
Chart with supports & resistances:
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