Technical Outlook & Trading Strategy:-
The price of Pepper has been taking support at its key near term moving average placed at the 29150 levels on its daily charts over the past couple of trading sessions.
The price weren’t under any real selling pressure during the recent pullback and since the momentum indicators are still trading in buy mode we believe that it is a very good
opportunity to accumulate it.
Thus, we recommend traders to buy 50% between Rs 29275—Rs 29180 levels and again on dips to Rs 29000—Rs 28900 levels with a stop loss placed below Rs 28657 levels for upside targets of Rs 29850 and followed by Rs 30125 levels expected to be achieved over the upcoming 3-4 sessions of trade.
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