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FRL – TECHNICAL CHART

FRL

buy FRL above 89 {50%} and above 90 {rest 50%} sl 83 target 95-105

one can have look at the chart development of FRL, we can see development of “PENNANT”  chart pattern, but pattern can be confirm if it able to give close above 90 level.

price has taken support on trendline, but look at the rsi, it able to break the support, so there is a signal of “POSITIVE DIVERGENCE”  with todays green candle.

one can simply buy this one above 89 and for more confirmation above 90 if close above 90 then hold delivery with given sl it can even give movement till 110-120 levels also.

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