Rebound Insight
Our Pivot: 41.30
Our Preference: Start buying from current price and average it out till 43.10 with strict stop loss of 41.30 and profit target at 48.15 with extension towards 51.20.
Alternate Scenario: Downward penetration of 41.30 will call for 39.20.
NOTE: SNGP is caged in a descending wedge on daily chart and it's trying to penetrate this wedge in bullish direction.
Chart with supports & resistances:
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