Rebound Insight
Our Pivot: 224
Our Preference: Buy PSO above 230 and average it out till 227 with strict stop loss of 224 and profit target at 238 and 242 Rs.
Alternate Scenario: Downward penetration of 224 would call for 218 and 214.
NOTE: PSO is being supported by a rising trend line along with a horizontal support.
Chart with Supports and Resistances:
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