Rebound Insight
Our Pivot: 49.00
Our Preference: Start buying from current price and average it out till 50.00 with strict stop loss of 49.00 and profit target at 53.60 and 55.30.
Alternate Scenario: Downward penetration of 49.00 will call for 47.30 and 46.50.
NOTE: TRG have completed its 50% correction of last bullish rally on hourly chart and right now its trying to bounce back after getting support from a strong supportive region.
Chart with supports & resistances:
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