Rebound Insight
Our Pivot: 27.00
Our Preference: Start buying UNITY from current price and average it out till 29.50 with strict stop loss of 27.00 and profit target at 36.90 with extension towards 39.95 and 42.00.
Alternate Scenario: Downward penetration of 27.00 will call for 24.50 and 23.40.
NOTE: UNITY is caged inside a descending wedge on daily and weekly chart while taking correction of its last bullish rally and its also being supported by a rising trend line inside this wedge, bullish breakout of this wedge would format a flag formation breakout.
Chart with supports & resistances:
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