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Rebound Insight
Our Pivot: 13.00
Our Preference: Start Buying FFL above 16.00 and average it out till 14.30 with strict stop loss of 13.00 and profit target at 19.70 and 21.00 with extension towards 22.60.
Alternate Scenario: Downward penetration of 13.00 will call for 12.00 and 11.30.
NOTE: FFL is moving in a bullish price channel on daily and weekly chart and have completed bullish correction of its last price rally.
Chart with supports & resistances:
FFL 3
Level | 1st | 2nd | 3rd | Supports | 13.83 | 13.64 | 13.35 | Resistances | 14.31 | 14.60 | 14.79 |
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