NRL Intraday Analysis 4th December 2023

Buy above 291 with strict stop loss of 284 and initial target at 296 and 301 with extension towards 306. 309 is key resistant region for NRL therefore it's recommended to stay cautious around this region with existing holdings
TECH NOTE: NRL is moving inside a bullish price channel and heading towards resistant trend line of said channel while in expansion mode of it's previous correction. Meanwhile it's trying to establish ground above breakout of its resistant trend line.