Reliance Capital - Turning Around at Strong Support Zone

It is been observed on Daily chart that the price action dropped down more than 20% from the highs of 580 levels, highly dominated by sellers. Now, I believe it has reached to a strong support levels where the big buyers shall be coming back in the market with a high demand that will take up the prices to the 23.6% Fib levels.

Target: 450
Stoploss: 395
Risk Reward: 1:2

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Today, it made a high of 447. Regards