Rebound Insight
Our Pivot: 94.60
Our Preference: Start buying NML above 103.70 and average it out till 99.17 with strict stop loss of 94.60 and profit target at 120 and 125.80 with extension towards 132.50.
Alternate Scenario: Downward penetration of 94.60 will call for 88.45 and 84.50.
NOTE: NML is moving in a bullish price channel and right now its getting support from supportive a strong supportive trend line.
Chart with supports & resistances:
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