DOL Oxychem limited short term analysis 8th Dec. 2020

Rebound Insight

Our Pivot: 28.00

Our Preference: Start buying DOL above 31.10 and average it out till 30.00 with strict stop loss of 28.00 and profit target at 34.80 and extension towards 37.40.

Alternate Scenario: Downward penetration of 28.00 will call for 25.50.

NOTE: DOL is being supported by a rising trend line along with a strong supportive region.

Daily chart with supports & resistances: