DOL Oxychem limited short term analysis 8th Mar. 2021

Rebound Insight

Our Pivot: 22.50

Our Preference: Start buying DOL above 27.10 and average it out till 25.50 with strict stop loss of 22.50 and profit target at 31.50 with extension towards 34.00

Alternate Scenario: Downward penetration of 22.50 will call for 18.00

NOTE: DOL is moving in a bearish price channel and getting support from a strong supportive trend line meanwhile 50% correction of its last bullish rally is also completed

Chart with supports & resistances: