Rebound Insight
Our Pivot: 33.30
Our Preference: Start buying SNGP above 39.00 and average it out till 36.80 with strict stop loss of 33.30 and profit target at 50.50 with extension towards 52.80.
Alternate Scenario: Downward penetration of 33.30 will call for 28.60.
NOTE: SNGP is caged in a descending wedge on daily chart and its ready for a bullish breakout of this wedge.
Chart with supports & resistances:
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