Upside Prevail
Our Pivot: 20.73
Our Preference: Buy above 23.62 and average it out till 21.99 with strict stop loss of 20.73 and target at 27.08 and 28.40.
Alternate Scenario: Downward penetration of 20.73 will call for 18.93.
NOTE: NICL moving in an upward price channel and right now its getting support from a supportive trend line along with a horizontal supportive region. Weekly Stochastic is also ready for a pull back.
Recommendations:
Buy above 23.62 and average it out till 21.99 with target at 27.08 and 28.40.
Chart with Supports and Resistances:
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