Rebound Insight
Our Pivot: 128
Our Preference: Start buying from current price and average it out till 135 with strict stop loss of 128 and profit target at 148 and 153.
Alternate Scenario: Downward penetration of 128 would call for 123.30.
NOTE: NML have completed its 61.8% correction on weekly chart and its also getting support from a horizontal supportive region. Daily stochastic have generated a bullish crossover which would push it for expansion of said correction..
Daily chart with supports and resistances:
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