Rebound Insight
Our Pivot: 46.60
Our Preference: Start buying NCL from current price and average it out till 48.80 with strict stop loss of 46.60 and profit target at 55 with extension towards 57.80.
Alternate Scenario: Downward penetration of 46.60 will call for 44.10.
NOTE: NCL is getting support from a rising trend line along with a strong horizontal supportive region, while weekly momentum indicators are ready for a bullish pull back and these would try to lead prices towards 55 Rs/share.
Weekly Chart with Supports and Resistances:
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