Rebound Insight
Our Pivot: 124.60
Our Preference: Start Buying PPL above 127.34 with strict stop loss of 124.60 and profit target at 131 and 133.20
Alternate Scenario: Downward penetration of 124.60 will call for 121 and 119.10.
NOTE: A strong horizontal supportive region along with a rising trend line would try to push PPL upward on intraday basis.
Daily Chart with Supports & Resistances:
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