Rebound Insight
Our Pivot:
Our Preference: Buy NRSL above 8.00 and average it out till 7.30 with strict stop loss of 6.74 and profit target at 9.33 and 9.93 .
Alternate Scenario: Downward penetration of 6.74 will call for 5.57.
NOTE: NRSL have completed its 61.8% weekly correction during its completion of fourth wave of bullish Elliot Wave and right now its ready for a pull back to format fifth wave of Elliot wave. Weekly Stochastic also have generated a bullish crossover.
Recommendations:
Buy above 8.00 and average it out till 7.30 with target at 9.33 and 9.93.
Weekly Chart with Supports and Resistances:
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