Strong intraday rebound on lower band of its uptrend channel near EMA50. This is also backed by foreign buying, maintaining its momentum above RSI50.

If momentum is sustained, this may established a good trading range from 137.00 – 155.00 level.

  • Strong intraday rebound
  • Sustained momentum and support based

Recommendation

Range trading.

Related article

Technical Input: URC | November 2, 2020 

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