Rebound Insight
Our Pivot: 384.50
Our Preference: Start buying above 397.50 and average it out till 393 with strict stop loss of 384.50 and profit target at 412.40 with extension towards 420.
Alternate Scenario: Downward penetration of 384.50 will call for 377.
NOTE: NRL is being caged in a triangle on hourly chart and its trying to give a bullish breakout of this triangle.
Chart with supports & resistances:
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