Further Advance
Our Pivot: 384.50
Our Preference: Start buying NRL from current price and average it out till 396 with strict stop loss of 384.50 and profit target at 417.00 with extension towards 420 and 450.
Alternate Scenario: Downward penetration of 384.50 will call for 377.
NOTE: NRL is being caged in a descending wedge on daily chart and its ready for a bullish breakout of said wedge.
Chart with supports & resistances:
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